SCENARIO 2 You are the Manager of the Gumnut Cafe at Koala Cruislines. You are responsible for the operation and management of the cafe, including...
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SCENARIO 2

You are the Manager of the Gumnut Café at Koala Cruislines. You are responsible for the operation and management of the café, including monitoring and management of finances.

The café staff are divided into two eight hour shifts to cover the sixteen hours per day that the café is open. Each shift consists of a Shift Manager, a Chef and 2 Wait Staff.

The café has a budget that has been developed and agreed between yourself and the Hospitality Manager and approved by the Finance Department.

ASSESSMENT TASK 4

The finance department has provided you with a report that details the allocated budget for the café and the actual costs that have been attributed to the café.

Refer to the attached report and answer the following questions.



Question 1

Identify the two (2) categories that are show variance between the actual costs and the budget.



Question 2

Provide a brief analysis of the variances identified including any emerging trends.



ASSESSMENT TASK 5

It is Koala Corporation policy that all variances in budget vs actual costs are investigated by the Department Manager and a corrective action plan developed for any issues identified in the investigation. In addition, for any variances of 10% or more, the Department Manager must submit an Investigation Report, including corrective action plan to the Finance Department.

In accordance with the above, the student must develop an action plan to address the identified variance. 

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