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Q1. What is the CM for 'Room' department? 497,500 487,500 467,500 477,500 Q2. What is the CMR for 'Room' department? 0.85 0.70 0.75 0.65 Q3.
Q1. What is the CM for 'Room' department?
497,500
487,500
467,500
477,500
Q2. What is the CMR for 'Room' department?
0.85
0.70
0.75
0.65
Q3. What is the CM for 'Food' department?
150,000
140,000
160,000
130,000
Q4. What is the CMR for 'Food' department?
0.7
0.4
0.6
0.5
Q5. What is the CMRw for Lohan Hotel?
0.6285
0.6265
0.6275
0.6255
Problem - 3 The Lohan Hotel has room and food operation. The rooms operation provides revenues of $650,000 and has variable costs of $162,500. The food operation provides revenues of $350,000 and has variable costs of $210,000. The total annual fixed costs are $300,000. (You can use the table given below before answering the questions) Answer the following questionsStep by Step Solution
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