As the manager of the 60-room motel, you have the responsibility of preparing next years budget from

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As the manager of the 60-room motel, you have the responsibility of preparing next year’s budget from the following information:

■ Annual occupancy: 74%

■ Average room rate: $84

■ Variable costs per room occupied: $8

■ Annual fixed costs: $825,000 Prepare the Motorway Motel’s budget for next year. Assume a 365-day year.

LO1

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Hospitality Management Accounting

ISBN: 9780471687894

9th Edition

Authors: Martin G Jagels, Catherine E Ralston

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Question Posted: Jun 21, 2024 09:03 AM

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As the manager of the 60-room motel, you have the responsibility of preparing next years budget from

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Hospitality Management Accounting

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