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Smiths Hotels banquet departments annual budgeted sales revenue was based on 45,000 guests at an average check of $10.00. Actual numbers were 47,500 guests at
Smiths Hotels banquet departments annual budgeted sales revenue was based on 45,000 guests at an average check of $10.00. Actual numbers were 47,500 guests at a $9.50 average check. What is the price variance for sales revenue?
Group of answer choices
$25,000 (F)
$25,000 (U)
$22,500 (F)
$22,500 (U)
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