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answer questions 2,3 & 4. will like & thumbs up Lifetime Escapes generates average revenue of $6,250 per person on its 5-day package tours to

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Lifetime Escapes generates average revenue of $6,250 per person on its 5-day package tours to wildlife parks in Kenya, The variable costs per person are as follows: (Click on the icon to view the variable costs per person.) Andante decon Determine the formula used to calculate the breakeven number of units, then calculate the number of package tours that must be sold to break even Fixed costs Contribution margin per unit Breakeven number of units 500,000 1,000 500 $ Choose from any list or enter any number in the input fields and then click Check Answer. Click on the icon to view the variable costs per person.) Annual fixed costs total $500,000 Read the requirements Requirement 2. Calculate the revenue needed to earn a target operating income of $96,000 Determine the formula used to calculate the revenue to achieve the target income, then enter the amounts to calculate the revenue neoded to earn the target income amount given. (Enter ratios, if any, to two decimal places, X.XX.) (Click on the icon to view the variable costs per person.) -nnual fixed costs total $500,000 Foad the requirements Revenue to earn target income i Requirements 1. 2. 3. Calculate the number of package tours that must be sold to break even Calculate the revenue needed to earn a target operating income of $96,000 If fixed costs increase by $31,000, what decrease in variable cost per person must be achieved to maintain the breakeven point calculated in requirement 1? The general manager at Lifetime Escapes proposes to increase the price of the package tour to $7.250 to decrease the breakeven point in units. Using information in the original problem, calculate the new breakeven point in units. What factors should the general manager consider before deciding to increase the price of the package tour? 4. 1 Data Table - X Airfare $ 1,800 Hotel accommodations 1,850 Meals 900 Ground transportation 500 200 Park tickets and other costs $ 5,250 Total

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