Formulas

Question 1

% of Variance

Answer 1

(variance / budget amount) x 100

Question 2

Variance

Answer 2

actual amount - budget amount

Question 3

Contribution Margin

Answer 3

registration fee - variable costs

Question 4

Total Costs

Answer 4

fixed costs + variable costs

Question 5

Registration fee to make profit %

Answer 5

(fixed costs / # of attendees) + variable costs = reg fee + % goal

Question 6

Registration free to make profit

Answer 6

[(fixed costs + profit goal) / # attendees] + variable costs

Question 7

attendees break even

Answer 7

fixed costs / (reg fee - variable costs)

Question 8

Registration fee break even

Answer 8

(fixed costs / # attendees) + variable costs

Question 9

Benefit cost ratio (BCR)

Answer 9

net revenue / expenses

Question 10

Net Revenue

Answer 10

income - expenses

Question 11

% Return on Investment (ROI)

Answer 11

(net revenue / expenses) x 100

Question 12

Afternoon Break Beverage Calculations

Answer 12

attendance x ___ % = cups
All Male All Female 50/50
Regular Coffee x35% x30% x35%
Decaf Coffee x20% x20% x20%
Tea x10% x15% x10%
Soda x70% x70% x70%

Question 13

AV Screen Formula

Answer 13

Front Row = no closer than 2x height of screen
Back Row = no more than 8x height of screen

Screen 10x10 = 20 ft
Remove x feet from largest amount ie. 55x85 = 55x65 to equate

Question 14

Beverages Formula (cups, gallons, and liters)

Answer 14

attendees x ___% = cups
20 = 6 oz cups
cups / 20 = gallons
cups / 6 = liters

Question 15

Over-set percentage of guarantee count

Answer 15

Count % F&B Plan
20 guests 20% 24 guests
50 guests 15% 58 guests
100 guests 10% 110 guests
200 guests 7.5% 215 guests
400-1,000 guests 5% 420 guests - 1,050 guests

Question 16

Morning Break Beverage Calculations

Answer 16

Attendance x _____% = cups

                               All Male               All Female           50/50 Regular Coffee          x60%                      x50%                 x55% Decaf Coffee              x20%                      x25%                 x25% Tea                              x10%                      x15%                 x10% Soda                            x25%                      x25%                 x25%

Question 17

Banquet Seating Space Requirements

Answer 17

Comfy Max Too Tight
60in/152cm 13.5 sq ft (8 ppl) 12.5 sq ft (9 ppl) 11.5 sq ft (10 ppl)

66in/168cm 13.5 sq. ft (9 ppl) 12.5 sq ft (10 ppl) 11.5 sq ft (11 ppl)

72in/183cm 13.5 sq ft (10 ppl) 12.5 sq ft (11 ppl) 11.5 sq ft (12 ppl)

Question 18

Return on Investment

Answer 18

ROI % = (net monetary benefits / meeting costs) x 100