Ocean Cruiseline offers nightly dinner cruises off the coast of Nanaimo and Victoria. Dinner cruise tickets sell for $100 per passenger. Ocean Cruiseline's variable cost of providing the dinner is $40 Question list K per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $220,000 per month. The company's relevant range extends to 15,000 monthly passengers. If Ocean Cruiseline has a target operating income of $95,000 per month, how many dinner cruise tickets must the company sell? O Question 4 First, identify the formula, and then compute the target sales in units. (Round your answer to the nearest whole number.) O Question 5 = Target sales unitsSales revenue O Question 7 Variable expenses Fixed expenses O Question 8 Total expenses Operating income O Question 9 Use the sales volume variance and flexible budget variance to explain to Relax-Time's management why May's operating income differs from operating income shown in the static budget. Relax-Time's actual operating income was $ the static budget. There are two primary reasons: O Question 10 1. Relax-Time actually installed pool than expected. This operating income by $]. 2. Relax-Time's actual expenses to install 8 pools were $ than they should have been to install 8 pools. This flexible budget variance means that Relax-Time did a O Question 11 job controlling cost.X Data table Results Flexible for Actual Sales Static at Actual Budget Number of Volume (Master) Prices Variance Output Units* Variance Budget* Output units (pools installed) 10 -0- 10 2 F 8 Sales revenue $121,000 $1,000 F $120,000 $24,000 F $96,000 Variable expenses 83,000 3,000 U 80,000 16,000 U 64,000 Fixed expenses 22,000 2,000 U 20,000 -0- 20,000 Total expenses 105,000 5,000 U 100,000 16,000 U 84,000 $ 16,000 $4,000 U $ 20,000 $ 8,000 F $12,000 Operating income Flexible budget variance, Sales volume variance, $4,000 U $8,000 F Static budget variance, $4,000 F *Budgeted sale price is $12,000 per pool, budgeted variable expense is $8,000 per pool, and budgeted total monthly fixed expenses are $20,000. Print DoneX Data table Relax-Time Pools Income Statement Performance Report Month Ended June 30 (1) (2) (3) (4) (5) (1)-(3) Flexible (3)-(5) Actual Budget Results Flexible for Actual Sales Static at Actual Budget Number of Volume (Master) Prices Variance Output Units* Variance Budget* Output units (pools installed) 10 -0- 10 2 F 8 Sales revenue $121,000 $1,000 F $120,000 $24,000 F $96,000 Variable expenses 83,000 3,000 U 80,000 16,000 U 64,000 Fixed expenses 22,000 2,000 U 20,000 20,000 Total expenses 105,000 5,000 U 100,000 16,000 U 84,000 $ 16 000 on non $12 non Print DoneRelax-Time installed eight pools during May. Prepare an income statement performance report for Relax-Time for May, using the table below as a guide. Question list K (Click the icon to view the table.) Assume that the actual sales price per pool is $12,000, actual variable expenses total $62,000, and actual fixed expenses are $19,800 in May. The master budget was prepared with the following assumptions: variable cost of $8,300 per pool, fixed expenses of $20,300 per month, and anticipated sales volume of seven pools at $12,000 per pool. O Question 5 Requirement 1. Compute the sales volume variance and flexible budget variance. Use these variances to explain to Relax-Time's management why May's operating income differs from operating income shown in the static budget. O Question 6 Requirement 1. Compute the sales volume variance and flexible budget variance. Use these variances to explain to Relax-Time's management why May's operating income differs from operating O Question 7 income shown in the static budget. Prepare an income statement report for Relax-Time for May. (For accounts with a zero balance, make sure to enter "0" in the appropriate column. Label each variance as favourable (F) or unfavourable (U). If the variance is zero, do not select a label.) O Question 8 Relax-Time Pools Income Statement Performance Report O Question 9 Month Ended May 31 Flexible Budget for Actual Results at Flexible Budget Actual Number of Sales Volume Static (Master) O Question 10 Actual Prices Variance Output Units Variance Budget Output units O Question 11 Sales revenue