Jail and Sail: Alcatraz Tour and Cruise provides sunset sightseeing tours of Alcatraz and the San Francisco Bay. Tickets cost $140 each. Assume 3,300 customers were served in July.

 

Variable Costs per Customer		Fixed Costs per Month
Admission fees	$60	Operations	$75,000
Overhead	25	Selling and administration	18,750
Hors d'oeuvres	15
Selling and administrative	2
Total	$102	Total	$93,750

Jail and Sail is subject to an income tax rate of 21%.

 

Required

a. Prepare a contribution income statement for July.
Note: Do not use a negative sign with your answers in the statement below.
Note: Round your answers to the nearest whole dollar.

 

Jail and Sail: Alcatraz Tour and Cruise
Contribution Income Statement
For the Month of July
Sales		Answer
Less variable costs:
Admission fees	Answer
Overhead	Answer
Hors d'oeuvres	Answer
Selling and administrative	Answer	Answer
Contribution margin		Answer
Less fixed costs:
Operations	Answer
Selling and administrative	Answer	Answer
Before-tax profit		Answer
Income taxes		Answer
After-tax profit		Answer

b. Determine Jail and Sail's monthly break-even point in units.
Note: Round your answer up to the nearest whole unit  

c. Determine Jail and Sail's margin of safety in units for July.
Answer units

d. Determine the unit sales required for a monthly after-tax profit of $30,000.
Note: Round your final answer up to the nearest whole unit