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. Determine the price-volume variance ($). Note: The Answer field only accepts numbers. Thus, do not include $ or commas when you type your answer. Type your answer as a whole number. Assume that your hotel has a restaurant.  The restaurant projected 3,000 lunches to be sold for September at an average price of $5.50. The actual sales were 3,200 meals and food revenue of $18,400. Use the information above and the table below to solve the questions.   Meals (# of units) Price/unit Total Revenue Budget 3,000  $5.5  ? Actual 3,200  ? $18,400

. Determine the price-volume variance ($). Note: The Answer field only accepts numbers. Thus, do not include $ or commas when you type your answer. Type your answer as a whole number. Assume that your hotel has a restaurant.  The restaurant projected 3,000 lunches to be sold for September at an average price of $5.50. The actual sales were 3,200 meals and food revenue of $18,400. Use the information above and the table below to solve the questions.   Meals (# of units) Price/unit Total Revenue Budget 3,000  $5.5  ? Actual 3,200  ? $18,400

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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9. Determine the price-volume variance ($).

Note: The Answer field only accepts numbers. Thus, do not include $ or commas when you type your answer. Type your answer as a whole number.

Assume that your hotel has a restaurant. 

  • The restaurant projected 3,000 lunches to be sold for September at an average price of $5.50.
  • The actual sales were 3,200 meals and food revenue of $18,400.
  • Use the information above and the table below to solve the questions.
 

Meals (# of units)

Price/unit

Total Revenue

Budget

3,000 

$5.5 

?

Actual

3,200 

?

$18,400
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