A 100-room Glitto Holden Lodging establishment has an ADR of…

A 100-room Glitto Holden Lodging establishment has an ADR of $80.00 with occupancy of 50.00% on daily basis. Glitto’s annual FC is $300,000 and VC is $476,000. Based on this operational data, what is Glitto’s annual occupancy percentage at breakeven (assume that ADR and occupancy % do not change throughout the year)?

The electricity expense for a firm was budgeted as $2,100 bu…

The electricity expense for a firm was budgeted as $2,100 but observed figures showed that the establishment spent $3,000 as an electricity expense. Calculate the relative variance of the electricity expense for this firm by indicating the variance condition (favorable or unfavorable).