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Housekeeping is a significant cost in running a hotel; housekeeping includes daily cleaning of occupied guest suites. FlyAway Suites has 550 rooms. Review the table of selected data regarding housekeeping costs at FlyAway Suites. Data Table for FlyAway Suites Housekeeping Usage Standard Data Standard hours per suite cleaning 0.25 Total standard housekeeping hours 30,112.50 Standard average housekeeper wage $15.00 rate per hour Budgeted number of suites to be cleaned 120, 450 Actual Data Actual hours per suite cleaning 0.30 Total actual housekeeping hours 36,483.60 Actual housekeeper wage rate per $16.50 hour Actual number of suites to be cleaned 121,612 For this mini case, complete the following: . Calculate the Labor Rate Variance (LRV) for FlyAway Suites. Hint: LRV = Actual Hours X (Actual Rate - Standard Rate). . Answer the following questions about the LRV: o Is the LRV favorable or unfavorable? o How do you know? . What are some possible reasons for this labor rate variance? . Calculate the Labor Efficiency Variance (LEV) for FlyAway Suites. Hint: LEV = Standard Rate X (Actual Hours - Standard Hours). . Answer the following questions about the LEV: o Is the LEV favorable or unfavorable? How do you know? . What are some possible reasons for this labor efficiency variance?Housekeeping is a significant cost in running a hotel; housekeeping includes daily cleaning of occupied guest suites. FlyAway Suites has 550 rooms. Review the table of selected data regarding housekeeping costs at FlyAway Suites. Data Table for FlyAway Suites Housekeeping Usage Standard Data Standard hours per suite cleaning 0.25 Total standard housekeeping hours 30,112.50 Standard average housekeeper wage $15.00 rate per hour Budgeted number of suites to be cleaned 120, 450 Actual Data Actual hours per suite cleaning 0.30 Total actual housekeeping hours 36,483.60 Actual housekeeper wage rate per $16.50 hour Actual number of suites to be cleaned 121,612 For this mini case, complete the following: . Calculate the Labor Rate Variance (LRV) for FlyAway Suites. Hint: LRV = Actual Hours X (Actual Rate - Standard Rate). . Answer the following questions about the LRV: o Is the LRV favorable or unfavorable? o How do you know? . What are some possible reasons for this labor rate variance? . Calculate the Labor Efficiency Variance (LEV) for FlyAway Suites. Hint: LEV = Standard Rate X (Actual Hours - Standard Hours). . Answer the following questions about the LEV: o Is the LEV favorable or unfavorable? How do you know? . What are some possible reasons for this labor efficiency variance