If Housing got the order from the Events Division, it would buy much of its raw food from the Hotel California Produce Division. About 70 percent of Housing's out-of-pocket cost of $400 for the conference represented the cost of raw food purchased from the Produce Division. Though the Produce Division had excess capacity, it quoted the market price, which had not noticeably weakened as a result of the oversupply. The out-of-pocket costs for the produce division were about 60 percent of the selling price. The Events Division received bids of $480 per participant from the Housing Division of Hotel California, $430 per participant from Desperado Hotel, and $432 per participant from Witchy Hotel. To sweeten the deal, Witchy offered to buy raw food at a price equivalent to $90 per participant from Don Henley and the Hotel California Produce Division. The out-of-pocket costs for the produce division were about 60 percent of the selling price. So this would provide a margin of $36 per participant if they were to accept the Witchy Hotel bid. Joe Walsh, manager of the Events Division, was furious with Frey, the new kid in town, and the Housing Division. "Music festivals are already very expensive for participants. We can not pass on higher costs to the participants through high ticket prices. How can we be expected to show a decent margin if we have to buy our accommodations at more than 10 percent over the going market?" The Events Division sets the ticket price to be $550 per participant and incurs additional cost of $20 per participant besides the bid cost.

THIS IS NOT A WRITING ASSIGNMENT it is an accounting assignment answer the questions below

1. From the perspective of Joe Walsh, the manager of the events division, the cost of the internal bid (from the Housing Division of Hotel California) is?

2.The cost of the Desperado Hotel bid is?

3.The cost of the Witchy Hotel bid is?

4. If the Events Division accepts the Desperado bid, what is the margin per participant from the perspective of the Hotel California as a whole? Please submit your answers as a number per participant ( for example $480 per participant should be 480)

5.If the Events Division accepts the Witchy bid, what is the margin per participant from the perspective of the Hotel California as a whole? Please submit your answers as a number per participant ( for example $480 per participant should be 480). (hint: remember Witchy agreed to buy $90 of raw food per participant from Don Henley and the Hotel California Produce Division).

6.If the Events Division accepts the internal bid from Deacon and the Housing division, what is the margin per participant from the perspective of the Hotel California as a whole? Please submit your answers as a number per participant ( for example $480 per participant should be 480).

7.If Hotel California executives take no action, which bidwillJoe Walsh accept? Why? Please explain in 2 to 3 sentences.