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P16-29. 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

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P16-29. 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, LO2, 3 Jail and Sail: Alcatraz Tour and Cruise Module 16 Cost-Volume-Prolt Analysis and Planning 16 JI $50,000 12,500 Fixed Costs per Month Variable Costs per Customer $60 Operations Admission for Overhead 25 Selling and administration 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. c. 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 graph for the current (2,200) unit level and label total variable costs, total fixed costs, and total before-tax profits at 2.200 units

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