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b) How much wine would you expect to sell at the break-even point? Homework: Portfolio 2 Part 3 (chapter 7 & supplement 7) Score: 0
b) How much wine would you expect to sell at the break-even point?
Homework: Portfolio 2 Part 3 (chapter 7 & supplement 7) Score: 0 of 3 pts Problem S7.27 Save 36 of 37 (32 complete) Hw Score: 67.83%, 47.48 of 70 pts Question Help As manager of the St. Cloud Theatre Company have been able to put together thus far: you have decided that concession sales will support themselves. The following table provides the information you tem Soft Drink Wine Coffee Candy Selling Price $1.00 $1.80 $1.00 $1.00 Variable Cost S0.70 $1.00 S0.35 $0.25 % of Revenue 25 24 31 20 Last year's manager, Jim Freeland, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $300.00 (5 booths with 3 people each). Even if nothing is sold, your labor cost will be $300.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $50.00 for each booth per night, is also a fixed cost. a) Based on the information available, the per night break-even point in dollars for the St. Cloud Theatre Company = $ places) (round your response to two decimalStep by Step Solution
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