1. Using the basic single-product CVP equations to answer the following questions:
   1. The Night Owl Restaurant expects to sell 5,000 meals during the upcoming month with an average variable cost per meal sold of $4. If total fixed costs are expected to be $20,000, what would the average selling price per meal sold be at the breakeven point? (1 points)
   2. The Sunset Hotels breakeven point is achieved when 300 rooms are sold each month. Its ADR is $30, and the variable cost per rooms sold is $10. What is the total monthly fixed costs? (1 points)