X Data Table 2,100 10% of ticket revenue $0.95/set of postcards $1.30/ticket sold by broker Monthly depreciation expense on carriages and stable Fee paid to the City of Greenville Cost of souvenir set of postcards given to each passenger. Brokerage fee paid to independent ticket brokers (60% of tickets are issued through these brokers; 40% are sold directly by the Craig Carriage Company) Monthly cost of leasing and boarding the horses.... Carriage drivers (tour guides) are paid on a per passenger basis. Monthly payroll costs of non-tour guide employees. Marketing, website, telephone, and other monthly fixed costs.. 50,000 $3.60 per passenger $ 7,850 7,400 Print Done Craig Carriage Company offers guided horse-drawn carriage rides through historic Greenville, South Carolina. The carriage business is highly regulated 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 Carriage Company had 13,300 passengers. Seventy percent of passengers were adults ($21 fare) while 30% were children ($13 fare). Requirements 1. Prepare the company's contribution margin income statement for the month of April. Round all figures to the nearest dollar. 2. Assume that passenger volume increases by 18% in May. Which figures on the income statement would you expect to change, and by what percentage would they change? Which figures would remain the same as in April? Less: Variable expenses Fee paid to city Complimentary postcards Brokerage fee Carriage driver wages Contribution margin Less: Fixed expenses Leasing and boarding horses Non-carriage driver payroll expense Depreciation expense Other fixed operating expenses Operating income Requirement 2. Assume passenger volume increases by 18% 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 18% in May, we would expect expenses to 18%. This is because costs change in direct proportion to changes in volume. As a result, the would 18%