Coastal Breeze Cruises incurred $75,000 in dining service costs when it served 15,000 guests in August. In October, it served 9,000 guests with dining service costs of $57,000. What is the estimated variable cost per guest?
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- Waterman's WaterWorld Tourist Park has collected the following data for operations for the year: $ 2,000,000 $ 546,875 Total revenues Total fixed costs Total variable costs Total tickets sold $ 1,125,000 50,000 Required: a. What is the average selling price for a ticket? b. What is the average variable cost per ticket? Note: Round your final answer to 2 decimal places. c. What is the average contribution margin per ticket? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. d. What is the break-even point? Note: Do not round intermediate calculations. e. Waterman's management has decided that unless the operation can earn at least $140,000 in operating profits, they will close it down. What number of tickets must be sold for Waterman's to make a $140,000 operating profit for the year on ticket sales? Note: Do not round intermediate calculations. a. Average selling price b. Average variable cost c. Average contribution margin d. Break-even point e.…Western Trucking operates a fleet of delivery trucks. The fixed expenses to operate the fleet are $66,907 in March and rose to $91,658 in April. It costs Western Trucking $0.49 per mile in variable costs. In March, the delivery trucks were driven a total of 84,497 miles, and in April, they were driven a total of 92,097 miles. Using this information, answer the following: What were the total costs per mile to operate the fleet in April? Round to the nearest penny, two decimals.Roland had revenues of $610,000 in March. Fixed costs in March were $199,670 and profit was $50,430. a. What was the contribution margin percentage? Contribution Margin % b. What monthly sales volume (in dollars) would be needed to break-even? Break-even Sales Volume c. What sales volume (in dollars) would be needed to earn $160,720? Total Sales Volume
- What is the fixed cost per month ??The variable cost per unitWestern Trucking operates a fleet of delivery trucks. The fixed expenses to operate the fleet are $70,557 in March and rose to $90,644 in April. It costs Western Trucking $0.61 per mile in variable costs. In March, the delivery trucks were driven a total of 81,549 miles, and in April, they were driven a total of 96,989 miles. Using this information, answer the following: What were the total costs to operate the fleet in March? Round to the nearest whole dollar, no decimals.
- Company A sells premium water bottles. The fixed costs is 29,709. The variable cost associated with producing one water bottle is $13 per unit. The water bottle is sold at price of $39. If the company set a goal of making $11,083 profit next month, how many bottles does the company need to sell?What is the polka electronics contribution margin for November??Give answer the financial accounting question
- Holly's Ham, Inc. sells hams during the major holiday seasons. During the current year 11,000 hams were sold resulting in $220,000 of sales revenue, $55,000 of variable costs, and $24,000 of fixed costs.The number of hams that must be sold to achieve $75,000 of operating income isWestern Trucking operates a fleet of delivery trucks. The fixed expenses to operate the fleet are $80,910 in March and rose to $92,150 in April. It costs Western Trucking $0.14 per mile in variable costs. In March, the delivery trucks were driven a total of 87,000 miles, and in April, they were driven a total of 95,000 miles. Using this information, answer the following: A. What were the total costs to operate the fleet in March and April, respectively? March April Total cost $fill in the blank 1 $fill in the blank 2 B. What were the cost per mile to operate the fleet in March and April, respectively? If required, round your answers to nearest cent. March April Cost per mile $fill in the blank 3 $fill in the blank 4MusicLand Theme Park has an average daily admission price of $60 per guest. The following financial data are available for analysis: Daily operating fixed costs $750,000 Variable daily operating cost per guest 24 Average daily concession revenue per guest 30 Average daily variable cost of concession items per guest 16 Additional operating data indicate that the park averages 24,000 daily guests during the weekdays and 40,000 average daily guests on Saturdays and Sundays. a. Determine the break-even number of guests per day at the theme park.fill in the blank 1 guests per day b. How much profit does MusicLand earn on an average weekday?$fill in the blank 2 c. How much profit does MusicLand earn on an average weekend day?$fill in the blank 3 d. Determine the revised break-even if the daily fixed costs increased to $1,000,000.20000 guests per day e. Would the theme park still remain profitable for an average weekday under the scenario in (d)?The average daily…
