Armendez | 2010-13706 HRIM 115 Assignment No. 8 on Variance Analysis 1) Holiday Hotel budgeted 1‚000 room sales for the week ended September 10. The estimated average price per room was $28.50. The actual average price per room was 20% greater than anticipated‚ while room sales in units were 10% less than forecasted. a) Required : Compute and analyze the Room Revenue variance as discussed in class. Give 2 possible causes for the revenue variance (i.e. Why was actual price greater than budgeted
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Variance Analysis: Year 6 In this part of the report‚ we analyze the variances between our pro-forma statements we had projected and the actual results we received from the BPG game. Looking at the variances‚ it can be seen that most of the numbers compared are not too far apart from each other when comparing our actual numbers to the projected analysis. This is due to the fact our forecast was successful. It was however not 100% accurate in terms of predicting our future numbers. Looking at the
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Variance Analysis 1. Define standard costs and describe how managers use standard costs in the management cycle. 2. Explain how standard costs are developed and compute a standard unit cost. 3. Prepare a flexible budget and describe how variance analysis is used to control costs. 4. Compute and analyze direct materials variances. 5. Compute and analyze direct labor variances. 6. Compute and analyze manufacturing overhead variances. 7. Explain how variances are used to evaluate managers’ performance
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College has impacted my life in many ways‚ and has taught me many life lessons. For one don’t procrastinate till the last minute before your exam. I believe the phrase “college is the best times of your life” is the best way to describe it. College has taught me so much it taught me not to procrastinate‚ how to manage my social life‚ and it also taught me how to balance my extra curriculum activities. In life we all struggle with procrastination‚ procrastination is a deadly illness that
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Identify and explain how you would prepare for a health inspection. You may use some concepts learned from HACCP as an example. Personally‚ I would make sure that my restaurant or food service venue I was running is operating above expectations. First off‚ I would start with the overall appearance of the establishment. If a health Inspector was coming to review a fine dining establishment then it would throw off a lot of red flags if it didn’t look like a fine dining experience. I would have my employees
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In numerous movies and stories you’ve seen‚ have you ever heard any of the characters say the cafeteria food has a rich‚ savory‚ and an appetizing look? Probably not. Cafeteria food lacks good quality and taste‚ and is probably one of the reasons why countless students don’t eat during lunch. Students always discuss what if they could change three things in their school’s lunch menu. They would probably have chocolate ice-cream‚ fried chicken or cake every day for lunch if they were given that option
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1. How many points have you earned this semester? What was your class average? During this semester‚ I have earned 545 points. My class average is 96%. 2. How would you judge your “attendance” in this class? (how often did you log into Blackboard and/or check your email)? In this class‚ I believe my attendance was very excellent. Over the course of this semester I logged into Blackboard almost every day to check the announcements and assignments listings for this class. As well as my email‚ I check
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What Kind of Thinker Are You? Assignment from Week One Review your week one assignment and reflect on what you learned about critical thinking during the course. Write a 350- to -700-word paper in which you reflect on the following questions: * What is critical thinking? * What are the three most significant things that you learned about critical thinking during this class? * How has your critical thinking changed since starting this course? * Reevaluate your stage of development
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2. Every person has a creative side‚ and it can be expressed in many ways: problem solving‚ original and innovative thinking‚ and artistically‚ to name a few. Describe how you express your creative side. Creativity to me is when someone has the skills to make something beautiful or make nice stories. If you can turn something that is ugly and turn it around completely‚ then you are a creative person. I do have a creative skill because i learned how to use scratch and turn it around. With
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Statistics Midterm paper 1. : Identify the implied population in the information here. Government agencies carefully monitor water quality and its effect on wetlands (Reference: Environment Protection Agency Wetland Report EPA 832-R-93-005). Of particular concern is the concentration of nitrogen in water draining from fertilized lands. Too much nitrogen can kill fish and wildlife. Twenty-eight samples of water were taken at random from a lake. The nitrogen concentration (milligrams of nitrogen
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