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Cleveland Recreation Center is planning its annual fundraiser. The event committee has developed the following budget for the event. Ballroom rental $2,900 Entertainment $4,500 Printing
Cleveland Recreation Center is planning its annual fundraiser. The event committee has developed the following budget for the event. Ballroom rental $2,900 Entertainment $4,500 Printing $600 plus $9 per guest Food $29 per guest Decorations $700 plus $5 per guest The committee expects 3,000 people will attend the event. Required: A) Compute the fixed and variable costs of the event. B) Prepare the cost function. C) If Cleveland Recreation charges $100 per person, how much money will be raised by this event?
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