Question: Only c 6. Contribution Margin Income Statement (20 Points). New York Tours (NYT) provides daily sightseeing tours that include transportation, admission to selected attractions, and
6. Contribution Margin Income Statement (20 Points). New York Tours (NYT) provides daily sightseeing tours that include transportation, admission to selected attractions, and lunch. Ticket prices are $85 each. During June 2013, NYT provided 3,000 tours. Variable cost Fixed cost per Month per Customer $30.00 7.00 10.00 Admission Fees Lunch Overhead Operations Selling & Administrative Total $25,000 15,000 $40,000 8.00 $65.00 ** NYT's tax rate is 40% Determine the following: a) Prepare a contribution income statement for June (Points 5.0) Penue $55,00 YC Cm C 195,000 40,000 $00,00O 407. $12000 ax NL b) Determine NYT's monthly break-even point in units (Point 5.0) ucrn c) Determine NYT's margin of safety in # of units and revenue dollars for June (Point 5.0) 40 $60,009655,000 Hscrou) = 4a55coo- sao.ooo_ = s 88,33333 0.24 Determine the unit sales required for a monthly after-tax profit of $15,000 (Points 5.0) d) 1-0.40 Cm 65,000 FC 40000 lax 40% u $6500-3050
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