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Question - The Cullumber Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents at $70 a night. Operating costs are as follows:
Salaries $7,000 per month
Property tax $1,100 per month
Depreciation (straight-line) $1,300 per month
Maintenance $260 per month
Maid service $14 per room
Other costs $28 per room
Required -
a) Determine the inn's break-even point in number of rented rooms per month.
b) Determine the inn's break-even point in dollars.
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