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A 120 room hotel forecasts its average room rate to $90.00 for the next year at 65% occupancy. The rooms department has a fixed-wage cost

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A 120 room hotel forecasts its average room rate to $90.00 for the next year at 65% occupancy. The rooms department has a fixed-wage cost of $160,000. Variable wage cost for housekeeping is $14.00 per hour and it takes one hour to clean a room. Benefits are 20% of total wages. Linen, laundry, supplies, and other direct costs are $4.00 per occupied room per day. The hotel has a 60-seat, restaurant. Breakfast average guest check is $5.00 and is open 5 days a week with a .75 seat turnover. The restaurant is closed at lunch. The average dinner check is $15.00 and there is a 2.0 seat turnover for dinner and they are open 6 nights a week for dinner. The restaurant is open 52 weeks a year. Beverage sales are 10% of breakfast and dinner food sales. Direct costs for the restaurant are 70% of total restaurant sales revenue. Indirect costs for the restaurant are estimated at $600,000 next year of total restaurant sales revenue. Based on the following information and the Operational Budget studied in class, answer the following question: What is the Operating Income? For your answer. Do not use dollar sigos, nor periods nor commas. Do not use decimals. le = 123456789 A 120 room hotel forecasts its average room rate to $90.00 for the next year at 65% occupancy. The rooms department has a fixed-wage cost of $160,000, Variable wage cost for housekeeping is $14.00 per hour and it takes one hour to clean a room, Benefits are 20% of total wages. Linen, laundry, supplies, and other direct costs are $4.00 per occupied room per day The hotel has a 60-seat, restaurant. Breakfast average guest check is $5.00 and is open 5 days a week with a 75 seat turnover The restaurant is closed at lunch. The average dinner check is $15.00 and there is a 2.0 seat turnover for dinner and they are open 6 nights a week for dinner. The restaurant is open 52 weeks a year, Beverage sales are 10% of breakfast and dinner food sales Direct costs for the restaurant are 70% of total restaurant sales revenue Indirect costs for the restaurant are estimated at $600.000 next year of total restaurant sales revenue

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