These are small question , please answer all otherwise skip it   Q1. What is the CM for 'Room' department? 497,500 487,500 467,500 477,500 Q2. What is the CMR for 'Room' department? 0.85 0.70 0.75 0.65 Q3. What is the CM for 'Food' department? 150,000 140,000 160,000 130,000 Q4. What is the CMR for 'Food' department? 0.7 0.4 0.6 0.5 Q5. What is the CMRw for Lohan Hotel? 0.6285 0.6265 0.6275

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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These are small question , please answer all otherwise skip it

 

Q1. What is the CM for 'Room' department?

497,500

487,500

467,500

477,500

Q2. What is the CMR for 'Room' department?

0.85

0.70

0.75

0.65

Q3. What is the CM for 'Food' department?

150,000

140,000

160,000

130,000

Q4. What is the CMR for 'Food' department?

0.7

0.4

0.6

0.5

Q5. What is the CMRw for Lohan Hotel?

0.6285

0.6265

0.6275

0.6255

Problem - 3
The Lohan Hotel has room and food operation. The rooms operation provides revenues of
$650,000 and has variable costs of $162,500. The food operation provides revenues of $350,000
and has variable costs of $210,000. The total annual fixed costs are $300,000.
(You can use the table given below before answering the questions)
Room
Food
Total
Dept
Answer the following questions:
Revenue
Variable costs
CM
CMR
Transcribed Image Text:Problem - 3 The Lohan Hotel has room and food operation. The rooms operation provides revenues of $650,000 and has variable costs of $162,500. The food operation provides revenues of $350,000 and has variable costs of $210,000. The total annual fixed costs are $300,000. (You can use the table given below before answering the questions) Room Food Total Dept Answer the following questions: Revenue Variable costs CM CMR
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