these are definitions not problems.

AS-10LO 3 When does a price variance occur? Flexible Budgeting and Variance Analysis AS-14 LO 3 How is price variance for room sales calculated? AS-18 LO 3 Define a cost variance. AS-19LO 3 Suppose the person responsible for purchasing toiletries for a hotel (soap, shampoo and the like for each room) does not receive a bonus if actual costs of the toiletries are greater than budgeted costs. How can this policy lead to purchases that can harm the hotel