{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-29T02:11:06-04:00", "answer_date": "2024-06-29 02:11:06", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4446122", "url": "\/study-help\/questions\/contribution-income-statement-costvolumeprofit-graph-and-taxes-jail-and-sail-4446122", "question_creation_date_js": "2024-06-29T02:11:06-04:00", "question_creation_date": "Jun 29, 2024 02:11 AM", "meta_title": "[Solved] Contribution Income Statement, Cost-Volum | SolutionInn", "meta_description": "Answer of - Contribution Income Statement, Cost-Volume-Profit Graph, and Taxes Jail and Sail: Alcatraz Tour and Cruise provides su | SolutionInn", "meta_keywords": "contribution,income,statement,cost-volume-profit,graph,taxes,jail,sail,alcatraz,tour,cruise,provides", "question_title_h1": "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.", "question_title": "Contribution Income Statement, Cost-Volume-Profit Graph, and Taxes Jail and Sail: Alcatraz Tour", "question_title_for_js_snippet": "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 Variable Costs per Customer Fixed Costs per Month Admission fees $60 Operations $50,000 Overhead 25 Selling and administration 12,500 Hors d'oeuvres 15 Selling and administrative 2 Total $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", "question_description": "
\"image<\/div><\/div><\/div><\/figure> 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. Variable Costs per Customer Fixed Costs per Month Admission fees . . $60 Operations . . . . . . . . . . . . . . $50,000 Overhead . . . 25 Selling and administration . . . . . . . . 12,500 Hors d'oeuvres . . 15 Selling and administrative. . . . . 2 Total . . . . . . $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", "transcribed_text": "", "related_book": { "title": "Principles Of Finance", "isbn": "979-8439388899", "edition": "1st Edition", "authors": "Julie Dahlquist, Rainford Knight", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/6290aa2348f9a_11251.jpg", "uri": "\/textbooks\/principles-of-finance-1st-edition-9798439388899", "see_more_uri": "" }, "free_related_book": { "isbn": "0198820429", "uri": "\/textbooks\/the-economics-regulation-and-systemic-risk-of-insurance-markets-1st-edition-9780198820420-9780191093180", "name": "The Economics Regulation And Systemic Risk Of Insurance Markets", "edition": "1st\u00a0Edition" }, "question_posted": "2024-06-29 02:11:06", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-13", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/diaphragm-with-round-aperture-whose-radius-r-can-be", "description": "A diaphragm with round aperture, whose radius r can be varied during the experiment, is placed between a point source of light and a screen. 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