Using the information from

the first picture, anawer the following 4 questions in the other 4 pictures.

FunTime Cruiseline Data Set used for S7-1 through S7-10: FunTime Cruiseline offers nightly dinner cruises departing from several cities on the east ern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $50 per passenger. FunTime Cruiseline's variable cost of providing the dinner is $30 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $210,000 per month. The company's rel. evant range extends to 20,000 monthly passengers. Cost-Volume 57-2 Project change in income (Learning Objective 1) Use the information from the FunTime Cruiseline Data Set. If Fun Time Cruiseline sells an additional 700 tickets, by what amount will its operating income increase (or operating loss decrease)? U N IJ I Must sell to breakeven and the sales dollars needed to breakeven. 57.4 Find target profit volume (Learning Objective 2) Use the information from the Fun Time Cruiseline Data Set. If Fun Time Cruiseline has a target operating income of $30,000 per month, how many dinner cruise tickets must the company sell? 57-5 Changes in sales price and variable costs (Learning Objective 3) Use the information from the FunTime Cruiseline Data Set. 1. Suppose FunTime Cruiseline cuts its dinner cruise ticket price from $50 to $45 to in crease the number of passengers. Compute the new breakeven point in units and in sales dollars. Explain how changes in sales price generally affect the breakeven point. 2. Assume that FunTime Cruiseline does not cut the price. Fun Time Cruiseline could re- duce its variable costs by no longer serving an appetizer before dinner. Suppose this operating change reduces the variable expense from $30 to $20 per passenger. Com- pute the new breakeven point in units and in dollars. Explain how changes in variable costs generally affect the breakeven point. 57-6 Changes in fixed costs (Learning Objective 3) Use the information from the Fun Time Cruiseline Data Set. Suppose Fun Time Cruiseline embarks on a cost reduction drive and slashes fixed expenses from $210,000 per month to $150,000 per month. 1. Compute the new breakeven point in units and in sales dollars. 2. Is the breakeven point higher or lower than in S7-3? Explain how changes in fixed costs generally affect the breakeven point