Costing details to use for the assignment, all are Canadian dollars-You are a Toronto based tour operator with a series of flights starting up from Vancouver to Montego Bay, Jamaica. The charter will operate every Sunday and the duration of your package is 7 nights. The aircraft has 179 seats and the anticipated load factor is 81%. The first rotation is Nov 06, 2022, and the last flight rotation is on April 30, 2023. Operating costs are $100,000 for each live/live and $85,000 for rotations with a ferry portion. Air taxes per person are $220. The hotel has a rate of $121 per person per night plus $12 per person per night for hotel taxes, charges and service fees. Transfer (airport to hotel return) per person is $46. Credit card fees are high, so we need to cost them in at $6. 00 per person “below the line” (non-commissionable). Travel Agent commission is 8%.Find:-1) a. Air Cost Calculationb Hotel Cost Calculationc. Transfer Cost Calculationd. Margin Calculation (Net Margin amount pp = Add PP net costs and margin to get - Final Net Selling Price PP = $ ) e. Retail (Travel Agent) Commission Calculation ( Commission amount pp = Add Final Net Selling Price PP to get - Final Gross Selling Price PP ) f. Tax and Service Charges Calculation(Final Gross Selling Price PP = ? Final T&SC PP = ? Note:-All Answers Needed in Soft Form & Don*T Copy From others.4. Margin Calculation: Net Margin amount pp = $ Final Net Selling Price PP = $ 5. Retail (Travel Agent) Commission Calculation: Commission amount pp = $ Final Gross Selling Price PP $ 6. Tax and Service Charges Calculation: Final Tax, fees and service charges total Amount PP= $ Final Gross Selling Price PP = $ Final T&SC PP = $ NOTE:NEED PART 4,5 & 6 ONLY ,I uploaded part a,b,c solved for Refrences This assignment is to be completed on an individual basis. Do not work in a group or with a partner.Costing details to use for the assignment, all are Canadian dollars-You are a Toronto based tour operator with a series of flights starting up from Vancouver to MontegoBay, Jamaica.The charter will operate every Sunday and the duration of your package is 7 nights. The aircraft has 179seats and the anticipated load factor is 81%.➤ The first rotation is Nov 06, 2022, and the last flight rotation is on April 30, 2023.Operating costs are $100,000 for each live/live and $85,000 for rotations with a ferry portion.➤ Air taxes per person are $220.The hotel has a rate of $121 per person per night plus $12 per person per night for hotel taxes, chargesand service fees.Transfer (airport to hotel return) per person is $46.Credit card fees are high, so we need to cost them in at $6.00 per person "below the line" (non-commissionable).Travel Agent commission is 8%.On the Costing Calculation page below, outline each formula in your calculation, provide a costing amount foreach section including the final gross selling price per person for a one-week package based on doubleoccupancy including a 16% margin. Add lines as you need them. Submit under Costing Assignment inAssignments folder in our Course site.fi 1. Air Cost Calculation:Total number of passengers Air tax per person= 144.99 passengers (179*81%) * $220= $31,897.8Net Air Cost pp = $31,897.8||Costing Calculations2. Hotel Cost Calculation:= Total number of passengers * Hotel charges= 144.99 passengers (179*81%) * ( $121 + $12)= $19,283.67Net Accommodation Cost pp = $ 19,283.673. Transfer Cost Calculation:= Total number of passengers * Transfer Charges per person= 144.99 passengers (179*81%) * $46= $6,669.54

Costing involves analyzing the expenditure incurred in manufacturing an item or rendering a service.…

You are a Toronto based tour operator with a series of flights starting up from Vancouver to Montego Bay, Jamaica. The charter will operate every Sunday and the duration of your package is 7 nights. The aircraft has 179 seats and the anticipated load factor is 81%. The first rotation is Nov 06, 2022, and the last flight rotation is on April 30, 2023. Operating costs are $100,000 for each live/live and $85,000 for rotations with a ferry portion. Air taxes per person are $220. The hotel has a rate of $121 per person per night plus $12 per person per night for hotel taxes, charges and service fees. Transfer (airport to hotel return) per person is $46. Credit card fees are high, so we need to cost them in at $6. 00 per person “below the line” (non-commissionable). Travel Agent commission is 8%. Find:- 1) a. Air Cost Calculation b Hotel Cost Calculation c. Transfer Cost Calculation d. Margin Calculation (Net Margin amount pp = Add PP net costs and margin to get - Final Net Selling Price PP = $ ) e. Retail (Travel Agent) Commission Calculation ( Commission amount pp = Add Final Net Selling Price PP to get - Final Gross Selling Price PP ) f. Tax and Service Charges Calculation(Final Gross Selling Price PP = ? Final T&SC PP = ?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 12EB: Able Transport operates a tour bus that they lease with terms that involve a fixed fee each month...

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Costing details to use for the assignment, all are Canadian dollars-

You are a Toronto based tour operator with a series of flights starting up from Vancouver to Montego Bay, Jamaica.
The charter will operate every Sunday and the duration of your package is 7 nights. The aircraft has 179 seats and the anticipated load factor is 81%.
The first rotation is Nov 06, 2022, and the last flight rotation is on April 30, 2023.
Operating costs are $100,000 for each live/live and $85,000 for rotations with a ferry portion.
Air taxes per person are $220.
The hotel has a rate of $121 per person per night plus $12 per person per night for hotel taxes, charges and service fees.

Transfer (airport to hotel return) per person is $46.
Credit card fees are high, so we need to cost them in at $6. 00 per person “below the line” (non-commissionable).

Travel Agent commission is 8%.

Find:-

1) a. Air Cost Calculation

b Hotel Cost Calculation

c. Transfer Cost Calculation

d. Margin Calculation (Net Margin amount pp = Add PP net costs and margin to get - Final Net Selling Price PP = $ )

e. Retail (Travel Agent) Commission Calculation ( Commission amount pp = Add Final Net Selling Price PP to get - Final Gross Selling Price PP )

f. Tax and Service Charges Calculation(Final Gross Selling Price PP = ? Final T&SC PP = ?

Note:-

All Answers Needed in Soft Form & Don*T Copy From others.

4. Margin Calculation:

Net Margin amount pp = $ Final Net Selling Price PP = $

5. Retail (Travel Agent) Commission Calculation:

Commission amount pp = $ Final Gross Selling Price PP $

6. Tax and Service Charges Calculation:

Final Tax, fees and service charges total Amount PP= $

Final Gross Selling Price PP = $ Final T&SC PP = $

NOTE:

NEED PART 4,5 & 6 ONLY ,I uploaded part a,b,c solved for Refrences

This assignment is to be completed on an individual basis. Do not work in a group or with a partner.
Costing details to use for the assignment, all are Canadian dollars-
You are a Toronto based tour operator with a series of flights starting up from Vancouver to Montego
Bay, Jamaica.
The charter will operate every Sunday and the duration of your package is 7 nights. The aircraft has 179
seats and the anticipated load factor is 81%.
➤ The first rotation is Nov 06, 2022, and the last flight rotation is on April 30, 2023.
Operating costs are $100,000 for each live/live and $85,000 for rotations with a ferry portion.
➤ Air taxes per person are $220.
The hotel has a rate of $121 per person per night plus $12 per person per night for hotel taxes, charges
and service fees.
Transfer (airport to hotel return) per person is $46.
Credit card fees are high, so we need to cost them in at $6.00 per person "below the line" (non-
commissionable).
Travel Agent commission is 8%.
On the Costing Calculation page below, outline each formula in your calculation, provide a costing amount for
each section including the final gross selling price per person for a one-week package based on double
occupancy including a 16% margin. Add lines as you need them. Submit under Costing Assignment in
Assignments folder in our Course site.
fi

1. Air Cost Calculation:
Total number of passengers Air tax per person
= 144.99 passengers (179*81%) * $220
= $31,897.8
Net Air Cost pp = $31,897.8||
Costing Calculations
2. Hotel Cost Calculation:
= Total number of passengers * Hotel charges
= 144.99 passengers (179*81%) * ( $121 + $12)
= $19,283.67
Net Accommodation Cost pp = $ 19,283.67
3. Transfer Cost Calculation:
= Total number of passengers * Transfer Charges per person
= 144.99 passengers (179*81%) * $46
= $6,669.54

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