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Only c 6. Contribution Margin Income Statement (20...

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Accounting

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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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