Three friends, Johnny, Eric and Hoang, decided to open a hotel Threes Hotel, in Launceston near the seaport. They plan to charge $150 per room (a maximum of two guests are allowed per room) for one nights accommodation, including a full continental breakfast in the morning and unlimited internet access. Their accountant has estimated that the variable cost per room per night is $40, which includes costs, such as food, housekeeping and utilities. The accountant has also estimated other costs, such as council rates, water rates and land taxes, which total $48,000 per annum. The hotel has twenty rooms. Required a. Calculate the hotels break-even point in dollars of service revenue. [2 marks] Breakeven Point