The Soma inn is trying to determine its break-even point. The inn has 75 rooms that are rented at $56/night. Operating costs are as follows:

Salaries: $11,950 per month

Utilities: 2,100 per month

Depreciation: 1,400 per month

Maintenance: 750 per month

Maid Service: 7 per room

Other costs: 31 per room

Determine the inn's break-even point in (1) number of rented rooms per month and (2) dollars.

1. Break - even point in rooms (Answer)?

2. Break-even point $ (Answer)?

If the inn plans on renting an average of 50 rooms per day (assuming a 30-day month), what is (1) the monthly margin of safety in dollars and (2) the margin of safety ratio? (Round ratio to 0 decimal places, e.g. 10.)

1. Margin of safety $ (Answer)?

2. Margin of safety ratio (Answer %)