You are a Toronto based tour operator with a series of flights starting up from Vancouver to Montego Bay, Jamaica. The charter will operate every Sunday and the duration of your package is 7 nights. The aircraft has 179 seats and the anticipated load factor is 81%. The first rotation is Nov 06, 2022, and the last flight rotation is on April 30, 2023. Operating costs are $100,000 for each live/live and $85,000 for rotations with a ferry portion. Air taxes per person are $220. The hotel has a rate of $121 per person per night plus $12 per person per night for hotel taxes, charges and service fees. Transfer (airport to hotel return) per person is $46. Credit card fees are high, so we need to cost them in at $6. 00 per person “below the line” (non-commissionable). Travel Agent commission is 8%. Find:- 1) a. Air Cost Calculation b Hotel Cost Calculation c. Transfer Cost Calculation d. Margin Calculation (Net Margin amount pp = Add PP net costs and margin to get - Final Net Selling Price PP = $ ) e. Retail (Travel Agent) Commission Calculation ( Commission amount pp = Add Final Net Selling Price PP to get - Final Gross Selling Price PP ) f. Tax and Service Charges Calculation(Final Gross Selling Price PP = ? Final T&SC PP = ?
Costing details to use for the assignment, all are Canadian dollars-
- You are a Toronto based tour operator with a series of flights starting up from Vancouver to Montego Bay, Jamaica.
- The charter will operate every Sunday and the duration of your package is 7 nights. The aircraft has 179 seats and the anticipated load factor is 81%.
- The first rotation is Nov 06, 2022, and the last flight rotation is on April 30, 2023.
- Operating costs are $100,000 for each live/live and $85,000 for rotations with a ferry portion.
- Air taxes per person are $220.
- The hotel has a rate of $121 per person per night plus $12 per person per night for hotel taxes, charges and service fees.
- Transfer (airport to hotel return) per person is $46.
- Credit card fees are high, so we need to cost them in at $6. 00 per person “below the line” (non-commissionable).
- Travel Agent commission is 8%.
Find:-
1) a. Air Cost Calculation
b Hotel Cost Calculation
c. Transfer Cost Calculation
d. Margin Calculation (Net Margin amount pp = Add PP net costs and margin to get - Final Net Selling Price PP = $ )
e. Retail (Travel Agent) Commission Calculation ( Commission amount pp = Add Final Net Selling Price PP to get - Final Gross Selling Price PP )
f. Tax and Service Charges Calculation(Final Gross Selling Price PP = ? Final T&SC PP = ?
Note:-
All Answers Needed in Soft Form & Don*T Copy From others.
4. Margin Calculation:
|
Net Margin amount pp = $ Final Net Selling Price PP = $ |
|
5. Retail (Travel Agent) Commission Calculation:
|
Commission amount pp = $ Final Gross Selling Price PP $ |
|
6. Tax and Service Charges Calculation:
|
Final Tax, fees and service charges total Amount PP= $ |
|
Final Gross Selling Price PP = $ Final T&SC PP = $ |
NOTE:
NEED PART 4,5 & 6 ONLY ,I uploaded part a,b,c solved for Refrences
Step by step
Solved in 2 steps
Final T&SC PP = $ ? where answer for this.?