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Waverly Motor hotel projected 500 rooms to be sold for December at an average daily rate of $150. The actual sales were 400 rooms and

  1. Waverly Motor hotel projected 500 rooms to be sold for December at an average daily rate of $150. The actual sales were 400 rooms and average daily rate of $200.
    1. What is the amount of the Budget Variance? Determine the it is favorable or unfavorable. (2 points)
    2. What is the amount of the Price Variance? Determine it is favorable or unfavorable. (2 points)
    3. What is the amount of the Volume Variance? Determine it is favorable or unfavorable. (2 points)
    4. What is the Price-Volume Variance? (1 points)

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