A Demand-Forecasting Technique Used to Maximize Room Revenue Is Known

question 5

Multiple Choice

A demand-forecasting technique used to maximize room revenue is known as

• A) property management system
• B) upselling
• C) return on investment
• D) revenue management

Recognize the defensive mechanisms of cnidarians, specifically nematocysts.

Identify relationships among protists and their closest animal relatives.

Understand the distinctive features of various animal phyla, including molluscs, annelids, arthropods, and echinoderms.

Describe the locomotion and circulatory systems of earthworms and other annelids.

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Definitions:

Revenue Volume Variance

The difference between the planned and actual units sold multiplied by the planned sales price.

Total Revenue Variance

The difference between the actual total revenue earned and the expected total revenue in a period.

Direct Materials Price Variance

The difference between the actual cost of direct materials and the standard cost, multiplied by the quantity purchased.

Direct Labor Rate Variance

The difference between the actual cost of direct labor and the expected (or standard) cost multiplied by the actual hours worked.