Read the case study below and answer all questions correctly. Budget review You are an Operations Manager with Marino Enterprises and oversee the operations for six of the venues. John Marino has asked you to monitor and review specific budget figures for two businesses as presented below and present an analysis of their meaning for the organisation. The management team are keen to identify issues that need to be addressed based on an analysis and review of the budget data in order to optimise the viability of the business while retaining market share, market position and their high product and service standards. You have been presented with the following information: Property 1 Selected budget data Item Projected/Budgeted figure Actual figure Room Sales 20.000.000 12,000,000 Food sales 5.000.000 9,000,000 Liquor sales 3,000,000 5,000,000 Wages 2,100,000 2.500,000 Rent 1.000.000 1.200,000 Overheads 500.000 450,000 Property 2 Six month's total sales figures Month $ Budget $ Actual 50,000 49.300 56,970 54,000 July August September October 66.160 58,000 62,000 65,500 67.570 November 66,000 70,000 December 69,040 QUESTION 3 D) For Property 1 suggest four possible causes for the variation in room sales a) For Property 1 suggest four possible ways to manage the variation in room sales. m) Identify four possible causes of the results for food sales in Property 1. iv) There is no need for you to investigate the 'wages' deviance: why might this be so? lv). In late June Property 1 undertook a major advertising campaign that had been factored into gets for July given the actual results for July, what action might you suggest to management