The Saint John SPCA is preparing for its annual dinner-dance fundraiser. The planning committee has put together
Question:
The Saint John SPCA is preparing for its annual dinner-dance fundraiser. The planning committee has put together the follow ing expected costs for the event:
The committee members would like to charge $35 per person for the event.
Required:
1. Compute the break-even point for the event in terms of the number of people that must attend.
2. Assume only 300 people attended the dinner-dance last year. If the same number attend this year, what price per ticket must be charged to break even?
3. Refer to the original data ($35 per ticket). Prepare a CVP graph for the event from 0 tickets up to 600 tickets sold.
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Related Book For
Managerial Accounting
ISBN: 9781260193275
12th Canadian Edition
Authors: Ray H. Garrison, Alan Webb, Theresa Libby
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