Case 2 Fabulous Fun Travel Services Fabulous Fun is a small trip planning business owned by Ava Bceling. Ava speclalizes in package deals and arranges travel, lodging, and entertainment for her clients. She starts the business on August 30th and needs a month end summary. Ava recelved calls from 3 elients with trip requests that were recelved on August 30. Ava summarized the costs per item on a Trip Proposal Form. Actual Overnead costs to date are $680 all on account. The predetermined owerhead rate is 150% of direct labor costs. The Calloway Jeb and the King Job were completed by August 31"n, The Parise lob was not yet completed: The owner has come to you to for your accounting expertise to set up an accounting syatem for the business to track job costs and profit. Ignore payroll tax considerations. Create a jab cost sheet for each customer. Develop a sales price for each completed job based on 150% of cost. Prepare summany journal entries for the month. Create lecger accounts for each litem and post entries to the ledgers. Prepare an Income Statement through Gross Profit for this business. Prepare a powerpoint presentation for your group to present to the chass Travel Dates: November 18th-November 24b Request: Thanksgiving in New York City for 3 Arflare: $180 per person roundtrip from Charlotte to LaGuardia tolging: The Wanhattanlin Times Seusere $329 per niehe 15 nights) Entertainment: Clty Sightseeing Tour: $119 per person Admlssion to "Top of the Pock" Observation Deck: $22 per person The Adams Famlly" Broadway Play 3 tickets $192 each Carriage Tour of Central Park $30 per person Reservations: Sall in process. Want to add a few move entertalnment isems: Travel Oates: November 18\%-November 30th Request: Colf Trip to Galway Bay Golf and Country Club in Galway, ireland for 2 people Airfare: $226 per person roundtrip from London to 6 alway / and $738 per person roundtrip from Charlotte to London. Lodging: The Galway Golf and Country Club Resort-171,44 per night Golfine: Tee times arranged for the following dates: tach round $78 per person. Day: August 3tst Travel Dates: July 1-July 7,2012 Request: Trip to Alaska Hallibut Fishing for Four Alrfare: $316 per person Lodging: The Kinefisher Lodre in Sitba Alaska Fishing: See below Bach of these all-inclasive packages includes: - Fully guided fishing each day (ten hour fall day charters) on modern, fast 2630 cruisers, heated and fully equipped - First class lodging acoommodations ench night - Breakfass, lanch, divner, snacks and soft drinks cach day - Fish cleaning, vacuum packing, freming, and boxing - Alaska fishing license and king stimon stamp - All fishing gear, tackle, bait, and rain gear - Aiport pickups and transportation in Sitka $3095 per person for 5 days fishing and 6 nights lodging Durn Awoult 306