Applying the formula of the CVP/Breakeven point for a single selling point, calculate how many rooms the hotel GoodLuck...
Applying the formula of the CVP/Breakeven point for a single selling point, calculate how many rooms the hotel GoodLuck needs to sell in order to achieve the owner's goal of a 72354 chf Net Income.
The Hotel GoodLuck has a total estimated fixed cost of 1988370 chf, an average variable cost per room of 35.5 chf and an average daily rate of 227.4 chf.
Only type the number with no units, no decimals and no thousands
separators. Round up or down to the nearest full number.
Homework Answers
| Ans. | First of all we will calculate the contribution margin per unit. | |||
| Contribution margin per unit = Selling price per unit - Variable cost per unit | ||||
| 227.4 - 35.5 | ||||
| 191.9 | ||||
| Sales units for target profit = (Fixed cost + Target profit) / Contribution margin per unit | ||||
| (1988370 + 72354) / 191.9 | ||||
| 2060724 / 191.9 | ||||
| 10739 | ||||
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