What is the labour cost variance? The budgeted price for a steak sandwich is $15. If...

 

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What is the labour cost variance? The budgeted price for a steak sandwich is $15. If the restaurant sold 200 sandwiches and total revenue was actually $3,200, what is the price variance of the steak sandwiches? Charles Freedmen Inn is a small boutique hotel. The budgeted cost of housekeeping labour is $18 per hour, while the budgeted cleaning time per room is 30 minutes. Consider the following information: Actual minutes per room Actual rate per hour Actual rooms sold Calculate the housekeeping hours quantity variance. 26 $19 400 Husky Pub purchases its signature ale from a local custom brewery for $250 per keg. Husky can pour 120 pints per keg and sells them for $8 each. The pub budgeted to sell 1,440 pints in October but actually sold 1,420. It used 12.5 kegs in October and earned revenue of $11,218. required a) Calculate October's total sales price variance. b) Calculate October's cost variance for ale. c) Calculate October's quantity variance for ale. d) Calculate the total flexible budget variance. What is the labour cost variance? The budgeted price for a steak sandwich is $15. If the restaurant sold 200 sandwiches and total revenue was actually $3,200, what is the price variance of the steak sandwiches? Charles Freedmen Inn is a small boutique hotel. The budgeted cost of housekeeping labour is $18 per hour, while the budgeted cleaning time per room is 30 minutes. Consider the following information: Actual minutes per room Actual rate per hour Actual rooms sold Calculate the housekeeping hours quantity variance. 26 $19 400 Husky Pub purchases its signature ale from a local custom brewery for $250 per keg. Husky can pour 120 pints per keg and sells them for $8 each. The pub budgeted to sell 1,440 pints in October but actually sold 1,420. It used 12.5 kegs in October and earned revenue of $11,218. required a) Calculate October's total sales price variance. b) Calculate October's cost variance for ale. c) Calculate October's quantity variance for ale. d) Calculate the total flexible budget variance.

Answer rating: 100% (QA)

a To calculate Octobers total sales price variance we need to compare the actual revenue with the bu... View the full answer