Use the following information to answer questions 8-14. Prepare the annual operating expense budget for the next year using the formulas from the above table and the following assumptions: Remember there are 13 accounting periods in a fiscal year, each with four weeks and 28 days. Round the Concierge Expense and Office Supplies to the nearest dollar. Room Revenue $19,184,000 Transient Rooms Sold 184,000 Group Rooms Sold 34,000 Total Rooms Sold 218,000 D 10. What are guest supplies budgeted to cost for the next year? $228,900 $231,037 $234,648 $241,637 Following is information for the Rooms Department for the Ocean Front Hotel for the first six periods of the year. Room Revenue $8,713,000 Transient Rooms Sold Group Rooms Sold Total Rooms Sold 83,730 16,270 100,000 Operating Expenses Linen Cleaning Supplies Guest Supplies Outside Services Laundry Concierge Expense Office Supplies Reservation Expense Reservation Department $150,000 Fixed Res Center Cost $180,000 Variable Res Center Cost at $6 per transient res. $251,200 Total Reservation Expense All other Expense $31,100 $24,000 $104,800 $24,000 $80,500 $60,000 $19,200 $581,200 $120,000 Total Operating Expenses $1,044,800 Total Operating Expense Percentage 12.0%