Question 1 A 157 room hotel forecasts its average room rate to be $130 for the next year with an 95% Occupancy rate. . The hotel is open 365 days a year. The hotel department has a fixed wage cost with benefits of $251,582 per year. General Variable costs are $5.47 per occupied room. The variable wage cost for housekeeping employees is $17 per hour and it takes 0.91 hour(s) to clean a room. The hotel has a 53 seat dining room. The dining room is open 330 days of the year for two meals. The dining room is only open for lunch and dinner. Lunch seat turnover is 0.95 with an average check of $13. Dinner seat turnover is 1 with an average check of $12. Direct dining room operating costs are $431,265. The dining room's indirect expenses are $320,972. Calculate budgeted room revenue