Chapter12Solution

# Chapter12Solution - Excel Templates Chapter 12 Student Name<Type your name here> Class<Type your class here> Problem 12-20 Given Data

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Unformatted text preview: Excel Templates Chapter 12 Student Name: <Type your name here> Class: <Type your class here> Problem 12-20 Given Data: Ticket revenue: Seat capacity 100 Occupancy 40% Ticket price \$75 Total ticket revenue \$3,000 100% Variable expenses: Per person \$22.50 Total 900 30% Contribution margin 2,100 70% Tour expenses: Tour promotion \$600 350 700 Fuel for bus 125 450 200 Overnight parking fees, bus 50 Room and meals, bus driver and tour guide 175 300 Total tour expenses 2,950 Operating loss \$(850.00) Also: the number of buses, drivers, maintence and preparation staff woould not decrease if tour was dropp Salary of bus driver 1 Fee, tour guide 2 Depreciation of bus 3 Liability insurance, bus 4 Bus maintenance and preparation 5 1 Fixed, annual 2 Paid for each tour 3 Due to obsolescence 4 Based on number of buses in fleet 5 Allocation of salaries of mechanics and other service personnel ped <Type your name here> <Type your class here> Excel Templates Chapter 12 Problem 12-20 Part 1 Keep the Tour Drop the Tour Ticket revenue...
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## This note was uploaded on 10/19/2010 for the course ACCOUNTING 341 taught by Professor Ken during the Spring '10 term at University of Guelph - Humber.

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Chapter12Solution - Excel Templates Chapter 12 Student Name<Type your name here> Class<Type your class here> Problem 12-20 Given Data

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