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The Grand River Hotel has both a rooms dept. and a coffee shop. It desires to know its breakeven point. Its variable cost % for
The Grand River Hotel has both a rooms dept. and a coffee shop. It desires to know its breakeven point. Its variable cost % for the rooms and coffee shop are 20% and 80%, respectively. The ratio of room to food sales is 4 to 1. Fixed costs are $300,000 annually. What is a weighted average CMR?
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