Knowing that Regency Hotels estimates the total costs of providing room service meals at $15,000 per month,

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Question:

Knowing that Regency Hotels estimates the total costs of providing room service meals at $15,000 per month, plus 75 percent of room service revenue,

A small hint : calculate contribution margin first Contribution margin 25%, The total cost of providing room service in a month in which room service revenue amounts to $90,000 is $22,500 The contribution margin ratio of providing room service meals amounts to $15,000 X 75%
Select one:

True

False