[SOLVED] Budgetary Control and Analyse Variances

Author: Client Uploads

July 21st, 2022

Discuss elements of cost (including categorizing costs as fixed, variable and semi-variable), and selling prices for products and services, and evaluate methods of controlling stock and cash in HGC, Discuss the process and purpose of budgetary control and analyse variances from budgeted and actual figures, offering suggestions for appropriate future management action, Calculate and analyse THE FOLLOWING: – o Gross Profit Margin o Net Profit Margin o Gross Profit Percentages o Average Daily Room Rate (ADR) o Revenue per available room (RevPAR) o Revenue per available seat hour (RevPASH) (monthly basis)

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