Maggie Johnson is the manager of Wesleyan's traditional Sunday Flicks, sponsored by the Wesleyan Student Association. The admission price is deliberately set at a very low $2. Each Sunday, a film has two showings and a maximum of 1,000 tickets can be sold for each showing. The rental of the auditorium is $440 and labor is $390, including $90 for Johnson. Johnson must pay the film distributor a guarantee, ranging from $290 to $800, or 40% of gross admission receipts, whichever is higher. Before and during the show, she sells refreshments; these sales average 10% of gross admission receipts and yield a contribution margin of 50%. Read the requirements. receipts, whichever is higher. What operating income was produced for the Student Association? Film Refreshments Total 3,630 Revenues from admissions $ 3,300 $ 330 $ Variable costs Contribution margin Fixed costs: Auditorium rental $ 440 390 830 Labor Operating income Enter any number in the edit fields and then click Check