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Compute the variance analysis for a metropolitan hotel’s rooms revenue and indicate the reasons for the...

Compute the variance analysis for a metropolitan hotel’s rooms revenue and indicate the reasons for the gain or loss in revenue compared to budget. The hotel’s budgeted rooms revenue is $13,175,251 based on total occupied rooms of 88,788 and an average room rate of $148.39. The property’s actual rooms revenue totaled $12,787,792 with occupied rooms totaling 93,945 with an average room rate of $136.12.

Enter your answers below. Round answers to two decimal points. Be sure to include a minus (-) sign for any negative amounts.

Price variance = $___

Use the information provided in Question 1 to answer the following:

Enter your answers below. Round answers to two decimal points. Be sure to include a minus (-) sign for any negative amounts.

Quantity variance = ___

Use the information provided in Question 1 to answer the following:

Enter your answers below. Round answers to two decimal points. Be sure to include a minus (-) sign for any negative amounts.

Total variance = ___

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