QUESTION 48 The Restaurant is a 100-seat restaurant that is open for dinner only. The owners have asked you to determine the projected food sales for the month of June 2020. As you know the first day of June 2020 is a Monday and June has 30 days. The Restaurant projects its seat turnover for June, 2020 as follows: Seat Turnover Day of the Week Dinner Sunday 2.0 Monday Closed Tuesday 1.0 Wednesday 1.5 Thursday 2.0 Friday 2.5 Saturday 3.0 Average Food Check $30.00 What are the projected food sales for June 2020? $132,000. $144,000. O $147,000 O $151,500. $180,000. Significance criteria are used to determine which variances are significant. Which of the following is true? The dollar and percentage differences should be used jointly in determining which variances are significant. The size of the significance criteria will differ among hospitality properties in relation to the size of the operation and the controllability of certain revenue and expense items. In general, the larger the operation, the larger the dollar difference criteria. Also, the greater the control exercised over the item, the smaller the criteria. All of the above. Only a. and c. above. QUESTION 50 not only considers revenues and expenses, but also evaluates and selects from among major alternatives those that provide long-range direction to the hospitality operation. Variance analysis. Strategic planning. Zero-base budgeting. Significance criteria