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# task 6

Mannaesi
Registered Posts:

**61**
Morning good people,can someone help me on this task especially the mark up on cost question i got no idea of how to tackle it.......

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## Comments

18861616161it says,.The table below shows management accounts extract for an airline company.

Accounts extracts,

Turnover 16800000pounds

Variable cost 8400000pounds

Fixed cost 6310 150 pounds

Seats

Occupied 240000

Available 300000

Assume gross profit exclude fixed costs

show all percentages to 2 decimal places

show other numbers to the nearest whole number

Then you are to calculate the table i attached first.

616161188Selling price per seat is turnover / occupied seats

Occupancy rate is occupied seats/ available seats x 100

Variable costs per occupied seat is variable costs / occupied seat

Gross profit margin is turnover amount/ sales ( occupied seats x selling price) x 100

Fixed costs per occupied seat is fixed costs / occupied seats

Contribution per seat is Turnover - variable costs - fixed costs then divide by 300

Breakeven number of seats is total fixed costs divided by contribution (worked out in the above question)

Breakeven in turnover use the above answer and times by selling price per seat workout above.

Margin of safety sales - breakeven point worked out above then divide by sales again x 100

Mark up on total cost is turnover - variable costs and fixed costs then divide answer by variable costs and fixed costs added together.

You have put too many zero's above on the figures, I have checked this on the mock exam.

Thank you

61