total revenue variance = actual revenue - standard revenue
Total revenue variance (AQ x AP) - (SQ x SP)
where AQ is actual quantity (units of service sold), AP is actual price (actually
recorded as revenue), SQ is standard quantity, and SP is standard price
how do calculate total of rooms revenue
To calculate total revenue you simply multiply the quantity by the price. Total revenue includes expenses; therefore, total revenue isn't the same as profit.
You can calculate the total revenue percentage by substituting the variable X for the monthly revenue, the variable Y for the period of time, and then multiple these to solve for the total revenue percentage.
How to calcalate total revenue
how to calculate budget variance percentage?
Profit=Total revenue - Total cost
A non favourable variance Eg: adverse revenue means the company earned less revenue than expected.
total revenue minus total cost
Tr=p.q
total revenue divded by total number of rooms
variance - covariance - how to calculate and its uses
Average room revevue = total room revenue / no: of rooms sold