E 13-36 Target Costing in a Service Firm SUBMIT THIS Homework Collected Solution Worksheet TakeaBreak Travel Company offers spring break travel packages to college students. Two of the packages, are a seven-day, six-night trip to Cancun that sells for $750 and a five-day, four-night trip to Jamaica that 59!!afer9.99:1!!5Merrie.exeshsjel!glasses}. .................................................................................................................. : ' ' Jamaica Oceanfront room; number of nights Breakfasts Lunches Dinners Scuba diving trips Water skiing trips Round trip airfare from Miami Transportation to and from airport Total cost Part 1: What are the current prot margins in dollars and percentage? Note that there is no good reason to repeat the cost detail provided to solve this; just use the total cost. Part 2: Take-a-Break's management believes that it must drop the price on the Cancun trip to $710 and on the Jamaica trip to $650 in order to remain competitive in the market. Recalculate the profit margins for both packages at these price levels. Part 3: Describe two ways that Take-a-Break cold cut its costs to get prot margins back to original levels. Remember that you do not want to reduce value to the customer, so simply making the trips shorter will not suffice. Part 1: Current Prot Margin Sales price ----------------------------------------------------------------------------------------------------------- gu-uuuuuuunun-gnu".-uuuuuuuuguuuuuuuuuuugun-unnu-uunuuguuuu-nun-unu