Prepare the annual operating expense budget for the next year using the formulas from problem #1 and the following assumptions: Remember there are 13 accounting periods in a fiscal year, each with four weeks and 28 days.

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$ 19,184,000 Room Revenue 184,000 34.000 218,000 Transient Rooms Sold Group Rooms Sold Total Rooms Sold Operating Expense Annual Budget Linen Cleaning Supplies Guest Supplies Laundry Concierge Expense Office Supplies Reservation Expense Reservation Department Cost Fixed Res Center Cost Variable Res Center Cost Total Reservation Expense All Other Expense Total Operating Expenses $ Total Operating Expense %