We are doing breakeven graphs in my business studies class and im having alittle trouble with one of three that were set for homework :S See if you can help. This is the information i was given and can you help me work out the Total Revenue, Total Cost Fixed Cost for the summer months.
Their Fixed costs atr £12,000 per month, Variable costs amount to £10 per customer per night. They currently charge £40 per customer per night. They can accommodate 20 customers at a time, totalling a max of 600 customers a month. From june to august the hotel is completely full. On average the hotel is only half full the rest of the year.
So i think i need to know how much the total revenue/cost/ fixed cost is over 3 months (june-august)
Their Fixed costs atr £12,000 per month, Variable costs amount to £10 per customer per night. They currently charge £40 per customer per night. They can accommodate 20 customers at a time, totalling a max of 600 customers a month. From june to august the hotel is completely full. On average the hotel is only half full the rest of the year.
So i think i need to know how much the total revenue/cost/ fixed cost is over 3 months (june-august)