Christopher Carriage Company offers guided horse-drawn carriage rides through historic Athens, Georgia. The carriage business is highly regulated by the city. Christopher Carriage Company has the following operating costs during April: (Click the icon to view the information.) During April (a month during peak season), Christopher Carriage Company had 13,100 passengers. Sixty percent of passengers were adults ($26 fare) while 40% were children ($18 fare). Read the requirements. Data table Monthly depreciation expense on carriages and stable.. Fee paid to the City of Athens... Cost of souvenir set of postcards given to each passenger... Brokerage fee paid to independent ticket brokers (60% of tickets are issued through these brokers; 40% are sold directly by the Christopher Carriage Company) Monthly cost of leasing and boarding the horses.... Carriage drivers (tour guides) are paid on a per passenger basis Monthly payroll costs of non-tour guide employees... Marketing, website, telephone, and other monthly fixed costs.. $ 2,700 10% of ticket revenue $0.70/set of postcards $1.10/ticket sold by broker $ 51,000 $3.10 per passenger $ 7,900 $ 7,200 Print Done Requirement 1. Prepare the company's contribution margin income statement for the month of April. Round all figures to the nearest dollar. (Do not round interim calculations or amounts. Round all amounts input in the table to the nearest dollar.) Christopher Carriage Company Contribution Margin Income Statement For the Month Ended April 30 Sales revenue Less: Variable expenses Fee paid to city Complimentary postcards Brokerage fee Total variable expenses Contribution margin Less: Fixed expenses Leasing and boarding horses Non-carriage driver payroll expense Depreciation expense Other fixed operating expenses Operating income Requirement 2. Assume passenger volume increases by 18% in May. Which figures on the income statement would you expect to change and by what percentage would they change? Requirement 2. Assume passenger volume increases by 18% in May. Which figures on the income statement would you expect to change and by what percentage would they change? passenger volume increases by 18% in May, we would expect If volume. As a result, the would 18%. expenses to 18%. This is because costs change in direct proportion to changes in Which figures would remain the same as in April? Assuming that a 18% increase in volume is still in the same relevant range, we would expect costs to remain at their present level.