An Overview and Solution of Managerial Accounting

Managerial Accounting
Title-
Student Name
Faculty Name -

ACCOUNTING 1
Question 1 & 2
Sailing Voyages, Inc
Revenue
Price per Person
$
100
Units Sold per Cruise 30
Cruise volume per period 100
Total Revenue per Cruise
$
3,000
Total Revenue per Period
$
300,000
Variable Costs
Fuel and misc supplies
$
50
Per diem wages
$
600
Food/Beverage
$
750
Total Variable Cost per Cruise $

ACCOUNTING 2
1,400
Total Variable Cost per Period
$
140,000
Contribution margin
$
1,600
Gross margin
$
160,000
Fixed Costs
Maintenance, depreciation, marketing, licenses,
etc.
$
85,000
Total Fixed Costs per Period
$
85,000
Net Profit (Loss)
$
75,000
Breakeven Point
(Unit) =Fixed Expenses/Contribution Margin 53