Exercise 6-17 (Algo) Analyzing a special offer for a service company LO P3 Grand Garden is a hotel with 240 sultes. Its regular suite price is $250 per night per suite. The hotel's total cost per night is $180 per sulte and consists of the following. The hotel manager receives an offer to hold the local Bikers' Club meeting at the hotel in March, which is the hotel's slow season with a low occupancy rate per night. The Bikers' Club would reserve 220 suites for one night if the hotel accepts a price of $148 per night. (a) What is the contribution margin from this special offer? (b) Should the Bikers' Club offer be accepted or rejected? Problem 6-1A (Algo) Variable costing income statement for two consecutive years LO P2 Dowell Company produces a single product. Its income statements under absorption costing for its first two years of operation follow. Additional Information a. Sales and production data for these first two years follow. b. Variable costs per unit and fixed costs per year are unchanged during these years. The company\$ $40 per unit product cost using absorption costing consists of the following c. Seling and administrative expenses consist of the following Required: Prepare income statements for each of these two years under variable costing Note: Loss amounts should be entered with a minus sign