Question

Need requirement 1: the companys contribution margin income statement and requirement 2 please.

Laurent Carriage Company offers guided horse-drawn carriage rides through historic Montreal. The carriage business is highly regulated by the city. Laurent Carriage Company has the following operating costs during April (Click the icon to view the operating costs.) During April (a month during peak season) Laurent Carriage Company had 13,400 passengers. 75% of passengers were adults ($26 fare) while 25% were children ($18 fare) Requirements 1. Prepare the company's contribution margin income statement for the month of April. Round all final figures to the nearest dollar 2. Assume that passenger volume increases by 12% in May. Which figures on the income statement would you expect to change, and by what percentage would they change? Which figures would remain the same as in April? Requirement 1. Prepare the company's contribution margin income statement for the month of April (Round all interim calculations to the nearest cent and all final calculations to the nearest dollar) Laurent Carriage Company Contribution Margin Income Statement For the Month Ended April 30

Answer 1

N- 30 O OVOGAW 12% 12 Less 13 14 C D E Laurent carraige company (a) (b) passenger volume Contribution margin income statement increased by 12% month percent ended April For the month age ended May 31 increase Particular Amount $ Amount $ la-bila Adult passenger (13,400' fare 26$'75%) 2,61,300 ((13,400+12%)" fare 26$ 75%) 2,92,656 12% Child passenger (13,400' fare 18$25%) 26,800 (113,400+12%)' fare 18$'25%) 30,016 122 Total revenue 2,88,100 3,22,672 Variable cost Monthly depreciation expenses on carraige and stable 2,600 2600 Fees paid to quebec city (107288100) 28,810 32,267 122 Cost of souvenir post card given to each passenger ($0.95'13400) 12,730 ($0.95 (13400+12%)) 14,258 Brokerage fees paid to independent ticket broker ($1.7"60%"134000) 13,668 ($1.7"60%"(134000+(127' 13400) 15,308 122 Monthly leasing and boarding expenses 53,000 53,000 OZ Carriage driver tour guide ($3.213400) 42,880 ($3.2" (13400+(127-13400)) 48,026 Monthly payroll cost of non tour guide employee 8,100 8100 Marketing website telephone expenses (not to be taken into account as this is a fixed expenses) Total varible cost 1,61,788 1,73,559 72 Contribution margin income 1,26,312 1,49,113 (2,88,100-2,84,800) Ans for 1 Ans for 2 18%.