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Question: property 1selected budget data item projectedbudgeted figure actual figure room...

Question details

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

Question 3

For Property 1 suggest four possible causes for the variation in room sales.

Question 4

For Property 1 suggest four possible ways to manage the variation in room sales.

Question 5

Identify four possible causes of the results for food sales in Property 1.

Question 6

There is no need for you to investigate the ‘wages’ deviance: why might this be so?

Question 7

In late June Property 1 undertook a major advertising campaign that had been factored into budgets for July: given the actual results for July, what action might you suggest to management?

Question 8

Why would you want to conduct a major investigation into sales for September?

Question 9

The organisation has found out that other businesses in the chain had shown a 6% positive variation in actual sales against budgeted revenue figures: list three suggestions on what might you do about this?

Question 10

How might you research internal factors impacting the figures you have been given? Give three suggestions.

Question 11

What could you do to research external factors impacting the figures you have been given? Give five suggestions.

Property 2
Six month’s total sales figures

Month

$ Budget

$ Actual

July

50,000

49,300

August

54,000

56,970

September

58,000

66,160

October

62,000

65,500

November

66,000

67,570

December

70,000

69,040

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