Solve questions 1, 2, 3, 4, 5 and 6 ABC Tours is organizing a 7 day trip to Toronto. For this particular five-day trip, it will cost theABC Tours the following:Bus and driverMarketingMeals per person/day$1,500/day$5,00 (brochure and newspapers)S5.00 (4 breakfasts)$20.00 (5 dinners)$120.00 (4 nights)$25.00 (per event for a total of 7 events)$1,000 Miscellaneous variable costsHotel rooms (night)Events/attractionsOther fixed costss100 (per person) Price per client $1,700Travel guide$500/dayQuestionsWith the above information, calculate the following:1. Total fixed costs2. Variable costs (per client)3. Contribution margin (per client)4. PV ratio5. The number of clients needed to break-even6. The number of clients needed if Parkway wants to generate a $5,000 profit

1. Total Fixed Costs = Bus and driver $1,500/day x 5 days + Travel guide $500/day x 5 days +…

ABC Tours is organizing a 7 day trip to Toronto. For this particular five-day trip, it will cost the ABC Tours the following: S1,500/day $5,00 (brochure and newspapers) $5.00 (4 breakfasts) $20.00 (5 dinners) $120.00 (4 nights) $25.00 (per event for a total of 7 events) $1,000 Miscellaneous variable costs Bus and driver Marketing Meals per person/day Hotel rooms (night) Events/attractions Other fixed costs $100 (per person) Price per client $1,700 Travel guide S500/day Questions With the above information, calculate the following: 1. Total fixed costs

ABC Tours is organizing a 7 day trip to Toronto. For this particular five-day trip, it will cost the ABC Tours the following: S1,500/day $5,00 (brochure and newspapers) $5.00 (4 breakfasts) $20.00 (5 dinners) $120.00 (4 nights) $25.00 (per event for a total of 7 events) $1,000 Miscellaneous variable costs Bus and driver Marketing Meals per person/day Hotel rooms (night) Events/attractions Other fixed costs $100 (per person) Price per client $1,700 Travel guide S500/day Questions With the above information, calculate the following: 1. Total fixed costs

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 11EB: Able Transport operates a tour bus that they lease with terms that involve a fixed fee each month...

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