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Tomoki Tours is trying to figure out how many boat tours it needs to sell to hit a profit of $90,000 in July. Information about
Tomoki Tours is trying to figure out how many boat tours it needs to sell to hit a profit of $90,000 in July. Information about Tomoki Tours cost structure is below: - The average retail price per tour is $70 - Every tour has to pay for tour guide, gasoline, and other variable expenses. The total for each tour is approximately $32 - Tomoki tours also has to pay rent on its administrative building, record depreciation on the boats, pay the admin staff salary and other costs that happen whether the tours run or not. The approximate total for these costs per month is $21,000 How many tours does Tomoki Tours need to sell to hit the profit of $90,000 in July? Round to the nearest tour. Question 22 2 pts A company sells cookies and is estimating that variable costs will decrease next year. Assume everything else stays the same. Which of the following is FALSE based on this information? The total operating income for the company would increase. The breakeven point for the company would increase. The total contribution margin of the company would increase. The total contribution margin percentage would increase. Question 23 2 pts A company ended up producing less units than it had originally budgeted in its static budget, which will result in a(n) Favorable activity variance Unfavorable spending variance Unfavorable activity variance Favorable spending variance
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