Sleepy Hollow Hotels Inc.(SH) operates two hotels in theMeto eion.ach hoeand rooms: standard room and deluxe. SHH has a total of 300 deluxe rooms an following are the relevant budgeted and the actual results for SHH for the a etro region. Each hotel has two grades of reson70t May The ro Sales Revenue for 92 days in the Quarter: Budgeted Revenue Actual Revenue $8,721,600 $8,825,100 Average Daily Occupancy Rates Deluxe Standard # of Rooms 240 285 # of Rooms 490 455 80% 70% Budgeted 95% 65% Actual Industry Data Actual Budget Total average daily demand for hotel 13,455 rooms 5.5% 14,600 rooms 5% rooms in the region SHH's market share Operating Budget Deluxe Standard Daily room rate Variable costs per room per day $150 61 $120 40 Contribution margin per unit $ 89 s 80 Average daily number of rooms occupied Total rooms for the quarter (92 days) Fixed costs for the quarter 240 22,080 $1,500,000 490 45,080 $2,000,000 Actual Operating Results: Standard Deluxe Daily room rate Variable costs per room per day $120 $145 63 41 Contribution margin per unit s 79 $ 82 Average daily number of rooms occupied Total rooms for the quarter (92 days) Fixed costs for the quarter 455 41,860 $2,000,000 285 26,220 $1,500,000 Required following variances based on contribution margin. The variances shou For the quarter ending May 31, 20xx, conduct a sales variance analysis by calcula to be calculated based on rooms for the quarter. Indicate whether the variances are favorable or unfavorable 4.Sales Mix Variance (5 points) 5. Market Size Variance (3 points) 6. Market Share Variance (3 points)