A. Review sources of funding available to HOC and evaluate the contribution made by a range of methods of generating income?

B. Discuss elements of cost (including categorizing costs as fixed, variable and semi- variable), and selling prices for products and services, and evaluate methods of controlling stock and cash in HOC?

C. Discuss the process and purpose of budgetary control and analyse variances from budgeted and actual figures, offering suggestions for appropriate future management action, ?

D. Calculate and analyze THE FOLLOWING: -

#Gross Profit Margin

# Net Profit Margin

# Gross Profit Percentages

# Average Daily Room Rate (ADR)

# Revenue per available room (RevPAR)

#Revenue per available seat hour (RevPASH) (monthly basis)

 

Transcribed Image Text:

You are the Executive Assistance Manager working for Hotel Orchard Central Limited (HOC). Recently your hotel has finalized the department annual report for 2020. Based on the annual report, as shown below, your General Manager has requested you to analyse the overall operation of the F&B department and Rooms Division and prepare a report for the management. F&B Department Operating statement of Hotel Orchard Central Limited (Year Ending 31* December 2020) Budget Actual s'00 $ '000 Total Revenue 25,000 25,608 Food 19,400 20,900 Beverage 5,600 4,708 Cost of Goods Sold Food 5,500 5,860 Beverage 1,680 1,412 Total Cost of Goods Sold 7,180 7,272 Fixed labor cost 3,500 3,500 Variable labor cost 200 135 Other Expenses Employee Benefits 650 650 Direct Operating Cost 850 570 60 60 Licensing Fees Repair & Maintenance 150 131 General & Administrative Cost 250 210 Insurance 320 320 Net profit 11,840 12,760 Total Number of covers served = 495,000 Total Restaurant Operating Hours in 2019 = 2880 hours (based on 10 Hours/day, 6 days/week) Total Number of Seats = 190 seats (based on 3 F&B Outlets) You are the Executive Assistance Manager working for Hotel Orchard Central Limited (HOC). Recently your hotel has finalized the department annual report for 2020. Based on the annual report, as shown below, your General Manager has requested you to analyse the overall operation of the F&B department and Rooms Division and prepare a report for the management. F&B Department Operating statement of Hotel Orchard Central Limited (Year Ending 31* December 2020) Budget Actual s'00 $ '000 Total Revenue 25,000 25,608 Food 19,400 20,900 Beverage 5,600 4,708 Cost of Goods Sold Food 5,500 5,860 Beverage 1,680 1,412 Total Cost of Goods Sold 7,180 7,272 Fixed labor cost 3,500 3,500 Variable labor cost 200 135 Other Expenses Employee Benefits 650 650 Direct Operating Cost 850 570 60 60 Licensing Fees Repair & Maintenance 150 131 General & Administrative Cost 250 210 Insurance 320 320 Net profit 11,840 12,760 Total Number of covers served = 495,000 Total Restaurant Operating Hours in 2019 = 2880 hours (based on 10 Hours/day, 6 days/week) Total Number of Seats = 190 seats (based on 3 F&B Outlets) You are the Executive Assistance Manager working for Hotel Orchard Central Limited (HOC). Recently your hotel has finalized the department annual report for 2020. Based on the annual report, as shown below, your General Manager has requested you to analyse the overall operation of the F&B department and Rooms Division and prepare a report for the management. F&B Department Operating statement of Hotel Orchard Central Limited (Year Ending 31* December 2020) Budget Actual s'00 $ '000 Total Revenue 25,000 25,608 Food 19,400 20,900 Beverage 5,600 4,708 Cost of Goods Sold Food 5,500 5,860 Beverage 1,680 1,412 Total Cost of Goods Sold 7,180 7,272 Fixed labor cost 3,500 3,500 Variable labor cost 200 135 Other Expenses Employee Benefits 650 650 Direct Operating Cost 850 570 60 60 Licensing Fees Repair & Maintenance 150 131 General & Administrative Cost 250 210 Insurance 320 320 Net profit 11,840 12,760 Total Number of covers served = 495,000 Total Restaurant Operating Hours in 2019 = 2880 hours (based on 10 Hours/day, 6 days/week) Total Number of Seats = 190 seats (based on 3 F&B Outlets) You are the Executive Assistance Manager working for Hotel Orchard Central Limited (HOC). Recently your hotel has finalized the department annual report for 2020. Based on the annual report, as shown below, your General Manager has requested you to analyse the overall operation of the F&B department and Rooms Division and prepare a report for the management. F&B Department Operating statement of Hotel Orchard Central Limited (Year Ending 31* December 2020) Budget Actual s'00 $ '000 Total Revenue 25,000 25,608 Food 19,400 20,900 Beverage 5,600 4,708 Cost of Goods Sold Food 5,500 5,860 Beverage 1,680 1,412 Total Cost of Goods Sold 7,180 7,272 Fixed labor cost 3,500 3,500 Variable labor cost 200 135 Other Expenses Employee Benefits 650 650 Direct Operating Cost 850 570 60 60 Licensing Fees Repair & Maintenance 150 131 General & Administrative Cost 250 210 Insurance 320 320 Net profit 11,840 12,760 Total Number of covers served = 495,000 Total Restaurant Operating Hours in 2019 = 2880 hours (based on 10 Hours/day, 6 days/week) Total Number of Seats = 190 seats (based on 3 F&B Outlets)

Answer rating: 100% (QA)

Answer 1 Retained earnings debt capital and equity capital square measure the 3 primary sources of finance Retained earnings from operations square measure employed by businesses to expand or pay divi... View the full answer