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(C)! 116-29. Contribution Income Statement, Cost-Volume-Profit Graph, and Taxes Jail and Sail: Alcatraz Tour and Cruise provides sunset sightseeing tours of Alcatraz and the San

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(C)! 116-29. Contribution Income Statement, Cost-Volume-Profit Graph, and Taxes Jail and Sail: Alcatraz Tour and Cruise provides sunset sightseeing tours of Alcatraz and the San Francisco Bay. Tickets cost $140 each. Assume 2,200 customers were served in July. hers Hule 16 Cost-Volume-Profit Analysis and Planning $50,000 12,500 Variable Costs per Customer Admission fees. Overhead ... Hors d'oeuvres.. Selling and administrative. Total Fixed Costs per Month $60 Operations 25 Selling and administration 15 2 $102 Total $62,500 Jail and Sail is subject to an income tax rate of 21%. Required a. Prepare a contribution income statement for July. b. Determine Jail and Sail's monthly break-even point in units. c. Determine Jail and Sail's margin of safety in units for July. d. Determine the unit sales required for a monthly after-tax profit of $20,000. e. Prepare a cost-volume-profit graph. Label the horizontal axis in units with a maximum value of 4,000. Label the vertical in dollars with a maximum value of $600,000. Draw a vertical line on the graph for the current (2,200) unit level and label total variable costs, total fixed costs, and total before-tax profits at 2.200 units

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