You are opening a hotel. Here are the facts: Sales Price - Executive suites -...
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You are opening a hotel. Here are the facts: Sales Price - Executive suites - $1,000 per night Sales Price - Junior suites $500 per night Sales Price - Premium Rooms - $300 per night Sales Price - Standard Reome $200 per night Variable cost - Executive Suites - $200 per night Variable cost - Junior Suites $100 per night Variable cost - Premium Rooms - $50 per night Variable cost - Standard Rooms - $50 per night Rent $1,500,000 Salaries - $1,000,000 Verizon Fios cost - $370,000 Hotel Room mix: Executive Suites 10%, Junior Suites - 20\%, Premium Rooms - 30\%, Standard Rooms 40% Answer the following: 1) Total Fixed Costs: 2) Contribution Margin for Executive Suites: 3) Contribution Margin for Premium Rooms: 4) How many Executive Rooms needs to be sold to breakeven: 5) How many Standard Rooms needs to be sold to breakeven: 6) How many Rooms need to be sold make $500,000
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