Room Revenue Room Profit Rooms Sold Actual $695,000 Average Room Rate $67.50 $500,000 Catering Revenue 10,300 Occupancy Percent 83.1% Restaurant Revenue $126,000 Budget $680,000 Total F&B Revenue $414,000 $486,000 $68.00 10,000 80.1% Last Year $240,000 $250,000 $650,000 $460,000 $65.66 9,900 Beverage Revenue $48,000 $50,000 $47,000 79.8% $125,000 $124,000 $245,000 $425,000 $416,000 Gift Shop Revenue $23,000 $22,000 $21,000 Total Revenues $1,132,000 $1,127,000 $1,087,000

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 2CMA
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Question
Similar to the above, calculate the dollar change and the percentage change for Average Room
Rate. Round to the nearest penny for dollar change and 10th of a percent, je. 2.2%, for percentage
changel.
Calculate this change when comparing Actual values to Budgeted values and when comparing
Actual Values to Last Years values.
Average Room Rate
Dollar Change
Percentage
Chane
Actual Change compared to
Budget
Selee)
|"Seed"||
ZN
Actual Change compared to
Last Year
Select
SUZA
>
Transcribed Image Text:Similar to the above, calculate the dollar change and the percentage change for Average Room Rate. Round to the nearest penny for dollar change and 10th of a percent, je. 2.2%, for percentage changel. Calculate this change when comparing Actual values to Budgeted values and when comparing Actual Values to Last Years values. Average Room Rate Dollar Change Percentage Chane Actual Change compared to Budget Selee) |"Seed"|| ZN Actual Change compared to Last Year Select SUZA >
Room Revenue
Room Profit
Rooms Sold
Actual
$695,000
Average Room Rate $67.50
$500,000
Catering Revenue
10,300
Occupancy Percent 83.1%
Budget Last Year
$680,000
$240,000
$486,000
$68.00
10,000
Restaurant Revenue $126,000 $125,000
80.1%
$250,000
$650,000
$460,000
Gift Shop Revenue $23,000 $22,000
$65.66
Beverage Revenue $48,000 $50,000 $47,000
9,900
79.8%
$124.000
$245,000
Total F&B Revenue $414,000 $425,000 $416,000
$21,000
Total Revenues $1,132,000 $1,127,000 $1,087,000
Transcribed Image Text:Room Revenue Room Profit Rooms Sold Actual $695,000 Average Room Rate $67.50 $500,000 Catering Revenue 10,300 Occupancy Percent 83.1% Budget Last Year $680,000 $240,000 $486,000 $68.00 10,000 Restaurant Revenue $126,000 $125,000 80.1% $250,000 $650,000 $460,000 Gift Shop Revenue $23,000 $22,000 $65.66 Beverage Revenue $48,000 $50,000 $47,000 9,900 79.8% $124.000 $245,000 Total F&B Revenue $414,000 $425,000 $416,000 $21,000 Total Revenues $1,132,000 $1,127,000 $1,087,000
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