Bates Motel wants to know their breakeven point. They have 50 rooms they rent out at...

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Bates Motel wants to know their breakeven point. They have 50 rooms they rent out at $60 per night. Last month In June the rented out an average of 26 rooms a night. Their costs are as follows: Salaries $6200 per month Depreciation $1000 per month Cleaning $28 per room 1. Calculate the contribution margin 2. Calculate the contribution margin ratio 3. Calculate the break even in units and in sales $ 4. Prepare a CVP Income Statement at break even and at their current volume. 5. Calculate the Occupancy Rate for June. Units Sales VC CM Break Even in Units Break Even in Sales Dollars Units Break Even Utilities $1100 per month Maintenance $100 per month Other costs $11 per room 60.00 Contribution Margin Ratio CVP Income Statement Current Volume 780 Bates Motel wants to know their breakeven point. They have 50 rooms they rent out at $60 per night. Last month In June the rented out an average of 26 rooms a night. Their costs are as follows: Salaries $6200 per month Depreciation $1000 per month Cleaning $28 per room 1. Calculate the contribution margin 2. Calculate the contribution margin ratio 3. Calculate the break even in units and in sales $ 4. Prepare a CVP Income Statement at break even and at their current volume. 5. Calculate the Occupancy Rate for June. Units Sales VC CM Break Even in Units Break Even in Sales Dollars Units Break Even Utilities $1100 per month Maintenance $100 per month Other costs $11 per room 60.00 Contribution Margin Ratio CVP Income Statement Current Volume 780

Answer rating: 100% (QA)

1 Contribution Margin Contribution Margin Selling Price Variable Costs Variable Costs per room Clean... View the full answer