Problem 4 Steve Wheatamyer has acquired the Morton Inn, a 100-room limited-service lodging property. Its costs are as follows: Variable costs per room sold: $20 Monthly fixed costs: $100,000 Mixed costs: Low Month High Month O Repairs 60% Occupancy 80% Occupancy Utilities $3.000 $3.500 $4000 $5.000 (Note: The mixed costs are not part of the variable and fixed costs above.) Required: 1. Determine the variable cost per room, considering the mixed costs. 0 2. Determine the monthly fixed costs, considering the mixed costs. 3. What must the ADR be if the Morton Inn breaks even at the end of the 25th day of each month? Assume an average paid occupancy of 75 percent.Problem 4 Steve Wheatamyer has acquired the Morton Inn, a 100-room limited-service lodging property. Its costs are as follows: Variable costs per room sold: $20 Monthly fixed costs: $100,000 Mixed costs: Low Month High Month O Repairs 60% Occupancy 80% Occupancy Utilities $3.000 $3.500 $4000 $5.000 (Note: The mixed costs are not part of the variable and fixed costs above.) Required: 1. Determine the variable cost per room, considering the mixed costs. 0 2. Determine the monthly fixed costs, considering the mixed costs. 3. What must the ADR be if the Morton Inn breaks even at the end of the 25th day of each month? Assume an average paid occupancy of 75 percent