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Score: 2.06 of 3 pts 3015(3 complete) HW Score: 32.11%, 9.63 of 30 pts E6-37A (similar to) Question Help Craig Carriage Company offers guided horse-drawn carriage rides through historic Greenvile, South Carclina. The cariage business is highly reguated by the city. Craig Carriage Company has the following operating costs during April: Click the icon to view the information.) During April a month during peak season Craig Carnage Company had 13,000 passengers. Seventy percent of passengers were adults $231 re) while 30% were children S15 fare Requirements 1. Prepare the company's contribution margin income statement for the month of April. Round all figures to the nearest dellar. 2. Assume that passenge volum increases b 4 in May which fgum s an the income statement would you expect to change and by what percent gewould they change? wVhich figures would emain the same as in Apri? Requirement 1. Prepare the company's contribution margin income statement for the month of April Round all figures to the nearest dolar. (Do not round intenim calculations or amounts. Round all amounts input in the table to the nearest dallar) Craig Carriage Company Contribution Margin Income Statement For the Month Ended April 30 Sales revenue S 267,800 Less Variable expenses Brokerage fee Camage driver wages Fee paid to aity S 8,450 14,040 48,800 53,580 S 144,950 Contribution margin Less: Fixed expenses Leasing and boarding horses Non-carriage driver payrell expernse Depreciation expense Other fixed operating expenses S 51,000 7,600 2,100 7,050 77,200 Operating income Requirement 2. Assume passenger volume increases by 14% in May. Which figures on the income statement would you expect to change and by what percentage would they change? If passenger volume increases by 14% in May, we would expect expenses to | 14%. This is because V costs change in direct proportion to changes in volume. As a result, the 14%. Click to select your answerls) and then click Check Answer Clear All Chock Answor