Hello Below is the question and i am having trouble getting the right answer. The correct answer is $1,077.63 but I do not know how they got that.

As manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far:

Item	Selling Price	Variable Cost	% of Revenue
Soft Drink	$ 1.25	$ 0.60	26
Wine	$ 1.75	$ 0.90	24
Coffee	$ 1.25	$ 0.35	29
Candy	$ 1.00	$ 0.35	21

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

$ 60.00

for each booth per night, is also a fixed cost.

Based on the information available, the daily break-even point in dollars for the St. Cloud Theatre Company =

???

(round your response to two decimal places).

DS 412 Section 11: Operations Management, Spring 2018 Soorapant Shoaib Saleem | 2/15/18 4:00 PM Homework: Homework 2 Capacity and Constraint Management Save HW Score: 83.33%, 10 of 12 pts Score: 0 of 2 pts X Instructor-created question As manager of the St Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far 9 of 9 (9 complete) Question Help tem Soft Drink Wine Coffee Candy Selling Price $1.25 $1.75 $1.25 $1.00 Variable Cost $0.60 $0.90 $0.35 $0.35 % of Revenue 26 24 29 21 Last year's manager Jim Freeland has advised you to be sure to add 10% o 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 $60.00 for each booth per night, is also a fixed cost Based on the information available, the daily break-even point in dollars for the St. Cloud Theatre Company- $1,077.63 (round your response to two decimal places)