Use the contribution margin ratio cvp formula to compute, Ask an Expert

Accounting

The following are the monthly fixed expenses for Peyton Travel:

Office rent: $1,000.00
Depreciation of office furniture 600.00
Utilities 250.00
Telephone 250.00
Reservation Service Fees 1,500.00
Travel Agent Salaries 1,500.00

Variable expenses include the following:

Travel Agent Commission 5.0% of sales
Advertising 6.0% of sales
Supplies and Postage 1.0% of sales
Telephone and Reservation Service usage fees 3.0% of sales

Use the contribution margin ratio CVP formula to compute Peyton Travel's break-even sales in dollars. If the average sales price of a ticket is $600.00; how many tickets must be sold to reach break-even?

View complete question

Managerial Accounting, Accounting

Category:- Managerial Accounting
Reference No.:- M9222853

Have any Question?Write your Review or question?

Related Questions in Managerial Accounting

Instructions for preparation of assignment1 you are to

Instructions for Preparation of Assignment: 1. You are to choose one management accounting topic from the list below for this assignment, and register your chosen topic with your lecturer in class or via email before com ...

Management accounting assessment - research amp analysis

Management Accounting Assessment - Research & Analysis Teamwork Assessment Description - Learning Outcome - Analyse the issues or problems (in a given scenario) using management accounting techniques and tools, and formu ...

Management accounting with a strategic perspective

MANAGEMENT ACCOUNTING with a STRATEGIC PERSPECTIVE Assignment - This Assignment is designed to give students an opportunity to: 1. Integrate traditional, contemporary and advanced theoretical and technical management acc ...

Corporate accounting assignment -assessment task - select

Corporate Accounting Assignment - Assessment task - Select two public limited companies listed on the Australian Securities Exchange (ASX) that are in the same industry. Go to the website of your selected companies. Then ...

You need to prepare a paper about lacroix companycompany

You need to prepare a paper about Lacroix company Company: Lacroix Home Work: History & background Page: 1 and half

Managerial accounting assignment -background you are

Managerial Accounting Assignment - Background: You are recently employed as a graduate consultant in a management consultancy firm and are assigned to a team. One of your firm's clients is currently evaluating its budget ...

Managerial accounting assignment -background you have been

Managerial Accounting Assignment - Background: You have been hired by the Board of Directors of your chosen company (ASX Listed) to explain how ABC model can improve the management accounting information available to its ...

Assume you have been hired as a consultant to prepare a

Assume you have been hired as a consultant to prepare a balanced scorecard that will be presented to top management. You will choose a company to research and will provide a professional report that will include the foll ...

Accounting for decision makersproject - appendix

Accounting for Decision Makers PROJECT - APPENDIX A Requirements: 1. Choose a publicly traded company that you currently own/invest in or one that you would like to own / invest in 2. Research the company through the com ...

Task descriptionyou have gained a position as vacation

Task Description You have gained a position as vacation student at the accounting firm T&K Solutions. In your capacity of vacation student you have been asked by the two partners of T&K Solutions to assist them with two ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Managerial Accounting Expert