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You are opening a hotel. Here are the facts: Sales Price - Executive suites -...

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You are opening a hotel. Here are the facts: Sales Price - Executive suites - $1,000 per night Sales Price - Junior suites - $500 per night Sales Price - Premium Rooms - $300 per night Sales Price - Standard Rooms - \$200 per night Variable cost - Executive Suites - $200 per night Variable cost - Junior Suites - $100 per night Variable cost - Premium Rooms - $50 per night Variable cost - Standard Rooms - $50 per night Rent - $1,500,000 Salaries - $1,000,000 Verizon Fios cost $370,000 Hotel Room mix: Executive Suites 10\%, Junior Suites 20%, Premium Rooms - 30%, Standard Rooms 40% Answer the following: 1) Total Fixed Costs: 2)Contribution3)ContributionMarginforSection300:MarginforSection 4) Weighted Average Contribution Margin: 5) How many Executive Rooms needs to be sold to breakeven: 6) How many Standard Rooms needs to be sold to breakeven: 7) How many Rooms need to be sold make $500,000

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