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Il Garin Entertainment offers theater packages at $51 per unit. The package includes snacks, beverages and a ticket. The costs incurred by the program are
Il Garin Entertainment offers theater packages at $51 per unit. The package includes snacks, beverages and a ticket. The costs incurred by the program are as follows: Variable Costs $17 per package Fixed Expenses $22,230 Do not enter dollar signs or commas in the input boxes. a) Calculate the contribution margin per package. Round your answer to 2 decimal places Contribution margin per package: $Answer b) Determine the break-even point in units (packages) Round your answer up to the nearest whole number. Break-even point: Answer c) If the theater can accommodate only 570 individuals, how much should Il Garin Entertainment charge per package to break-even? Assume that variable and fixed costs remain the same. Round your answer to 2 decimal places Selling Price: $Answer d) Using the information from part (c), how much should Il Garin charge per package if they want to have an operating income of $1,140? Round your answer to 2 decimal places Selling Price: $Answer
Il Garin Entertainment offers theater packages at $51 per unit. The package includes snacks, beverages and a ticket. The costs incurred by the program are as follows:
Variable Costs $17 per package
Fixed Expenses $22,230
Do not enter dollar signs or commas in the input boxes.
a) Calculate the contribution margin per package.
Round your answer to 2 decimal places
Contribution margin per package: $Answer
b) Determine the break-even point in units (packages)
Round your answer up to the nearest whole number.
Break-even point: Answer
c) If the theater can accommodate only 570 individuals, how much should Il Garin Entertainment charge per package to break-even? Assume that variable and fixed costs remain the same.
Round your answer to 2 decimal places
Selling Price: $Answer
d) Using the information from part (c), how much should Il Garin charge per package if they want to have an operating income of $1,140?
Round your answer to 2 decimal places
Selling Price: $Answer
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