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With the following information for Aspen Resort, please prepare a contribution margin income statement if 50 rooms are rented in March. Make sure to
With the following information for Aspen Resort, please prepare a contribution margin income statement if 50 rooms are rented in March. Make sure to fill in all the blanks and indicate if the ending result is "Net Income" or "Net Loss". Do NOT list Net Income / (Loss) as your ending result. If net loss, indicate it with a negative sign or parenthesis. When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000.00 without any dollar sign. Make sure you round your answers to two decimal places. So if the answer is $10, you should be typing 10.00. March Costs Cost Information Salaries Cost $4,400 per month Utilities Depreciation Property Taxes Maid Service and Other Costs Room Price $800 per month plus $2 per room $1,100 per month $4,200 per month $75 per room $275 per room each night Aspen Resort Contribution Margin Income Statement For the Month Ended March 31, 20XX Sales Variable Costs Contribution Margin Fixed Costs $ SA $ SA $ $
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