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Please solve it in one hour, I have very little time. ABC International Hotel is a 10-story, 350-room hotel situated in Adelaide. The ABC International Hotel's business results for one day in February were: Budget Information F and B revenue budgeted at $12,000. Food & Beverage dept. total department costs are 35% of F and B revenue. Room Occupancy budgeted at 94%. ADR set at $145. Rooms Division total department costs are 60% of Room revenue. EBIT is budgeted at 30.02% of total revenue. The budgeted Other (Operating expenses) is 15% of total revenue. Income Tax paid at 30% of earnings before tax. Actual Results Rooms: 1. Achieved RevPAR of $115.00. 2. Rooms Division COGS were 48% of Room revenue. Actual results F and B: 1. Food & Beverage revenue is $10,000. 2. Food & Beverage dept. COGS were 30% of F and B revenue. 3. Actual Other (Operating expenses) are $9,250. Other information: Loan Interest actually paid $2,000. Total owners' equity $100,000. Total Assets $148,000, including: Current Assets $65,000 and Non-Current Assets $83,000. Total liabilities $48,000, including: Current liabilities $26,000 and Non-Current liabilities $22,000. Rounding instructions: All occupied rooms are rounded DOWN. All percentage calculations to be rounded to two decimal places. All dollar figures round to whole dollars. Complete the missing information: Income Statement Budget S % 100% 60% Actual S % 100% Variance S % Room revenue Cost of Goods Sold Gross Profit F&B Revenue Cost of Goods Sold Gross Profit $10,000 100% $12,000 100% ($2,000) (16.67%) 35% Total Revenue Total Cost of Goods Sold 100% 100%

Please solve it in one hour, I have very little time.

ABC International Hotel is a 10-story, 350-room hotel situated in Adelaide.

The ABC International Hotel's business results for one day in February were:

Budget Information

F and B revenue budgeted at $12,000. Food & Beverage dept. total department costs are 35% of F and B revenue.

Room Occupancy budgeted at 94%. ADR set at $145. Rooms Division total department costs are 60% of Room revenue.

EBIT is budgeted at 30.02% of total revenue. The budgeted Other (Operating expenses) is 15% of total revenue. Income Tax paid at 30% of earnings before tax.

Actual Results Rooms:

1. Achieved RevPAR of $115.00.
2. Rooms Division COGS were 48% of Room revenue.

Actual results F and B:

1. Food & Beverage revenue is $10,000.
2. Food & Beverage dept. COGS were 30% of F and B revenue.
3. Actual Other (Operating expenses) are $9,250.

Other information:

Loan Interest actually paid $2,000.
Total owners' equity $100,000.
Total Assets $148,000, including: Current Assets $65,000 and Non-Current Assets $83,000.
Total liabilities $48,000, including: Current liabilities $26,000 and Non-Current liabilities $22,000.

Rounding instructions:

All occupied rooms are rounded DOWN.
All percentage calculations to be rounded to two decimal places.
All dollar figures round to whole dollars.

Complete the missing information:

Income Statement Budget S % 100% 60%
Actual S % 100%
Variance S %
Room revenue
Cost of Goods Sold Gross Profit
F&B Revenue Cost of Goods Sold Gross Profit
$10,000 100%
$12,000 100% ($2,000) (16.67%) 35%
Total Revenue Total Cost of Goods Sold
100%
100%

please solve it in one hour have very less time abc international hotel is a 10 story 350 room hotel situated in adelaide the abc international hotels business results for one day in februar 75816

Added by April D.

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