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Grand Company provides tours of the Grand Canyon. The following information is available for July: Ticket price $ 1 4 0 . 0 0 Tickets
Grand Company provides tours of the Grand Canyon. The following information is available for July:
Ticket price $
Tickets sold
Variable costs per customer Fixed costs per month
Park fees $ Operations $
Overhead $ Selling and Administration $
Hors d'oeuvres $
Selling and Administrative $
Total $ $
Tax rate
Required:
a Prepare a contribution income statement for July.
b Determine Grand's monthly breakeven point in tickets units
c Determine Grand's safety margin, in tickets, for July.
d Determine the number of tickets that must be sold for an after tax profit of $
e Prepare a costvolumeprofit graph include a revenue, total cost, variable cost and fixed cost line Vertical axis should have a maximum value of $ Horizonal axis should have a maximum value of tickets.
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