Q. Calculate operating income:

• A 156 room hotel forecasts its average room rate to be $62 for the next year with an 0.61 Occupancy rate.
• The hotel is open 365 days a year.
• The hotel department has a fixed wage cost with benefits of $405,950per year.
• General Variable costs are $3.1 per occupied room.
• The variable wage cost for housekeeping employees is $15 per hour and it takes 0.61 hour(s) to clean a room.
• The hotel has a 80 seat dining room.
• The dining room is open 319 days of the year for two meals.
• The dining room is only open for lunch and dinner.
• Lunch seat turnover is 0.51 with an average check of $13.
• Dinner seat turnover is 1.26 with an average check of $14.
• Direct dining room operating costs are $112,121.
• The dining room's indirect expenses are $421,860.