Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An event organising firm is running a one-day event and ticket price is 20 and variable costs are 8 per customer. Fixed Costs for
An event organising firm is running a one-day event and ticket price is 20 and variable costs are 8 per customer. Fixed Costs for the event are 6,000. a) Calculate: i. The contribution to sales ratio ii. The number of tickets to be sold to Break Even iii. The BEP in terms of Sales Revenue iv. The number of tickets to be sold to make 6,000 profit 2 marks 2 marks 2 marks I 2 marks V. The Margin of Safety in revenue if 600 tickets are sold 3 marks
Step by Step Solution
There are 3 Steps involved in it
Step: 1
a i Contribution to sales ratio Selling Price Variable Cost Selling ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started