Accounting and Financial Analysis in the Hospitality Industry 1st Edition by Johnathan Hales ,Hubert Van Hoof

Exercise 1

Following are the financial results for January for the Lumberjack Hotel:
Calculate the following:
A. Dollar change for room revenue-actual to budget and last year.
B. Percentage change in room revenue-actual to budget and last year
C. Dollar and percentage change for rooms sold and average rate-actual to budget and last year.

D. Actual and budget sales mix percentages for room, total food beverage, and gift shop revenues.

E. Actual and budget Food Beverage sales mix percentages for restaurant, beverage, and catering revenues.