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Homework 04 Jane operates a bed and breakfast hotel in a resort area near Lake Michigan. Depreciation on the hotel is $60,000 per year. Jane

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Homework 04 Jane operates a bed and breakfast hotel in a resort area near Lake Michigan. Depreciation on the hotel is $60,000 per year. Jane employs a maintenance person at an annual salary of $32,000 and a cleaning person at an annual salary of $24,000. Real estate taxes are $10,000 per year. The rooms rent at an average price of $60 per person per night including breakfast. Other costs are laundry and cleaning service at a cost of $10 per person per night and the cost of food which is $5 per person per night. Va Instructions: show computations using the contribution margin technique to support your answers. a) Determine 1) the number of rentals (Q) and 2) the sales revenue ( $ ) Jane needs to break even. b) Create the breakeven chart in excel

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