Use the information below to answer the following questions.
Travel Made Easy Ltd provides three services: International travel, Interstate travel, and Holiday Packages. The results for the year were as follows: The fixed costs have been shared equally between the three functions.
-Refer to the table above. Travel Made Easy supplies you with the following additional information. The fixed costs consist of $180,000 in rental and $90,000 in utilities and insurance. The floor space occupied by Holiday Packages staff is 15% of the total area and the remainder is shared equally by the other two services. All three services contribute equally to the utilities and insurance expense. Allocating fixed costs based on this information, the profit or loss of the Holiday Packages service would be:

Question

Use the information below to answer the following questions.
Travel Made Easy Ltd provides three services: International travel, Interstate travel, and Holiday Packages. The results for the year were as follows:  The fixed costs have been shared equally between the three functions.
-Refer to the table above. Travel Made Easy supplies you with the following additional information. The fixed costs consist of $180,000 in rental and $90,000 in utilities and insurance. The floor space occupied by Holiday Packages staff is 15% of the total area and the remainder is shared equally by the other two services. All three services contribute equally to the utilities and insurance expense. Allocating fixed costs based on this information, the profit or loss of the Holiday Packages service would be:

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The Answer of Use the information below to answer the following questions.
Travel Made Easy Ltd provides three services: International travel, Interstate travel, and Holiday Packages. The results for the year were as follows:  The fixed costs have been shared equally between the three functions.
-Refer to the table above. Travel Made Easy supplies you with the following additional information. The fixed costs consist of $180,000 in rental and $90,000 in utilities and insurance. The floor space occupied by Holiday Packages staff is 15% of the total area and the remainder is shared equally by the other two services. All three services contribute equally to the utilities and insurance expense. Allocating fixed costs based on this information, the profit or loss of the Holiday Packages service would be:

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