- Unit CMI321 Managing Own Personal and Professional Development Assessment | BCU
- CIPD Unit 5CO01 Organisational Performance and Culture in Practice Learner Assessment Brief 2025/26
- ATHE Level 3 Unit 2 How Businesses and Organisations Work Assignment | LCPS
- Unit 531 Principles of Professional Coaching Assessment Brief | SBTL
- PSY4011 Developmental Psychology Assessment Brief – Identity Development in Childhood
- MBA7066 Innovation and Entreprenuership Assignment Brief 2024-2025 | University of Greater Manchester
- Unit 17 Caring for Individuals with Dementia BTEC Level 3 Assignment Brief Case Study
- BTEC Level 3 Unit 15 Care for Individuals with Dementia Assessment
- Unit 3: Professional Practice Authorised Assignment Brief 2025–2026, ESOFT Metro Campus
- Unit 7 Leadership & Management People Assignment – Level 3 Diploma in Business and Management
- HNC Civil Engineering Assignment 2 The Construction Environment
- HNC Civil Engineering Assignment 1 Geotechnics & Soil Mechanics Academic Year 24/25
- UNIT CMI 519 Managing Quality and Continuous Improvement Assessment Brief
- Level 5 in Leadership and Management in Adult Care – Governance and Regulatory Process in Adult Care and Decision Making in Adult Care
- BTM6GSM Global Strategic Management Level 6 Assignment 1 Case Study
- Level 5 in Leadership and Management in Adult Care – Supervising Others and Facilitate Coaching and Mentoring of Practitioners in Care Settings
- Unit 2 Marketing Processes and Planning Assignment Brief 2025-2026
- Unit 805 Strategic Communication Assignment Brief- Media Impact on International Organisations
- UNIT CMI 513 Managing Projects to Achieve Results Assessment Brief
- AFM5CGL Level 5 Corporate Governance and leadership Assignment Case Study
Unit 3: You are advising the owner of a local business that runs coach trips: Financial and Management Accounting Techniques for Managers, Assignment, UOS, UK
| University | University of Sheffield (UOS) |
| Subject | Unit 3: Financial and Management Accounting Techniques for Managers |
Task 4 You are advising the owner of a local business that runs coach trips. The owner usually finds that an average of 60% of tickets are sold for any one trip and thinks it would be a good idea to offer remaining tickets at a discounted price to local hotels and community groups. The owner is not sure how to price the tickets and has asked for your help. The owner has provided the following information about a coach trip as an example. Coaches seat 56 people. The fixed costs of running the trip amount to £750. This includes the cost of running the coach plus paying a driver and tour guide. The variable costs of running the trip are £8.00 per passenger. This includes entrance fee to the attraction and a light lunch and refreshments. Tickets are sold full price at £40.
You are required to identify the marginal cost of a seat and recommend how this could be used to set a suitable price for the discounted tickets which will ensure they can cover fixed costs and make a profit.
You must:
- Calculate the break-even point for the trip in terms of number of full price tickets sold.
- Calculate the profit made if 60% of tickets are sold (round down to nearest whole number of tickets).
- Identify the marginal cost of a ticket and explain how this can be used to set discount prices.
- Calculate the profit made if a further 20% of seats on the trip (on top of 60% at full price) are sold to a local residential home for older people at a price of £25 each.
- Explain how marginal cost can be used to set discount prices.
Are You Looking for Answer of This Assignment or Essay
Answer
Do You Need Assignment of This Question
