Exercise 19-13 Variable cost analysis for a special order LO A1 Grand Garden is a luxury hotel with 150 suites. Its regular suite rate is $230 per night per suite. The hotel's cost per night is $155 per suite and consists of the following. Variable direct labor and materials cost 48 365 days] Fixed cost [($5, 870, 000/150 suites) 107 Total cost per night per suite $155 The hotel manager received an offer to hold the local Bikers' Club annual meeting at the hotel in March, which is the hotel's low season with an occupancy rate of under 55%. The Bikers' Club would reserve 45 suites for three nights if the hotel could offer a 55% discount, or a rate of $103 per night. The hotel manager is inclined to reject the offer because the cost per suite per night is $155 Required: Prepare an analysis of this offer for the hotel manager. Contribution margin analysis