What is the percentage change in Room Revenue when comparing Actual Room Revenue to Budgeted Room Revenue? (Round to three decimal places.) 2.205% 2.756% 3.456% O 3.895%

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Topic Video
Question
What is the percentage change in Room Revenue when comparing Actual Room Revenue to
Budgeted Room Revenue? (Round to three decimal places.)
2.205%
2.756%
3.456%
O 3.895%
Transcribed Image Text:What is the percentage change in Room Revenue when comparing Actual Room Revenue to Budgeted Room Revenue? (Round to three decimal places.) 2.205% 2.756% 3.456% O 3.895%
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
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Accounting Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education