Reference no: EM133097198
Questions -
Q1. Ex4Funds Pty Ltd runs excursions for school children during their school holiday. It specialises on day trips. Students are transported by bus to the destination. Each bus, each trip can accommodate 20 students maximum. The following is the cost information:
Transportation cost (bus), including driver $2,000 per trip
Staff wage (trip leader) $300 per trip
Variable cost per unit (food per student) $20
Variable cost: Activities (per student) $50
Variable cost: Insurance (per head) $25
Calculate the trip ticket price per student if 20 students attend the excursion:
a. $80.25
b. $4,200
c. $1,605
d. $210
Q2. If the total revenue from one trip is $6,000, and 20 students attend the excursion, then the profit earned per student would be:
a. $90
b. $180.25
c. $3,605
d. $1,800
Q3. Assuming a maximum of 20 students per trip, the required revenue in order to achieve a desired profit of $2,000 per trip would be:
a. $6,200
b. $4,395
c. $219.75
d. $310
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