Question 23 Not yet answered Points out of 5.00 Flag question As the manager of the 500-room Palm Tree Hotel you are conducting operation's performance analysis for the previous month. Your budgeted target for the previous month was $150 ADR and 65% occupancy. Your standard room variable cost is $30 per occupied room, in addition, each occupied room requires 2 hours of housekeeping labor at $8 per hour. According to the reports you sold 10200 rooms, total Rooms Department Revenue was $1,632,000, and total Rooms Department cost, including housekeeping, was $546,720. The Housekeeping department reported 24480 hours and labor cost of $220,320. What is the Cost Variance? Select one: a. $77,520 Unfavorable b. $77,520 Favorable O C. $159,120 Unfavorable d. $159,120 Favorable