Managerial Accounting

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Golden Saucer Entertainment Corporation is planning another riverboat extravaganza. The extravaganza committee has assembled the following expected costs for the event: Dinner (per person) 80.00 Souvenir and give-away (per person) 50.00 Band performance 25,000.00 Tickets and advertisements 37,500.00 Riverboat rental 40,500.00 Floorshow and strolling entertainers 17,000.00 49. The break-even point for the extravaganza (in terms of number of persons that must attend) assuming each individual is to pay 250.00 will be? a. 900 persons c. 950 persons b. 1,000 persons d. Answer not given 50. Suppose the committee decides to reduced tickets and advertising cost by 20,000.00 and further cut dinner charges per person to 50.00. If each individual attendee will only pay 80.00% of the original event price, what would be the break-even point in terms of number of persons? a. 900 persons c. 950 persons b. 1,000 persons d. Answer not given 51. Assume that due to limited number of riverboats, the rental was being charged as 50.00 for every person who will board with a capacity of 100 people. Each boat has a minimum charge of 5,000.00 and Golden Saucer already entered into a non-cancellable contract for 10 river boats, what would be the break- even point in terms of number of persons if the price will be increase by 9.50? a. 900 persons c. 950 persons b. 1,000 persons d. Answer not given52. If a special meeting is conducted and a decision is being made to increase the dinner cost to 100.00 due to special request of the spectators to include desserts and fruits in the meal package and assume the committee also decides to reduced the tickets and advertisement costs to 17.500.00 to compensate the increase in dinner per person while still maintaining the original ticket prize. At ceteris paribus, what would be the break-even point in terms of number of persons? a. 900 persons c. 950 persons b. 1,000 persons d. Answer not given 53. Suppose there were no available riverboats at that time and thus no rentals will be made, the committee has decided to significantly reduce the selling price of the ticket from its original prize by 40.50 to ensure that the program will be successful. What would be the break-even point in terms of number of persons? a. 900 persons c. 950 persons b. 1,000 persons d. Answer not givena. 188.500.00 C. 199.025.00 b. 209.500.00 d. Answer not given The Accountant of Squall Lion-heart Integrated Industries, a company engages in producing luxury cars presented to the management the chart below: (Note: X-axis unit sold and Y-axis peso equivalent) 17.500,000.00 15 DC0,00 0 00 12,560,000.00 10 DLU,090.0 4 Total Cost 7,500,000.00 Fixed Cost 5 0CO,000.00 2560,100.00 1 455. If the selling price of luxury car is 2,600,000.00 per unit, what is the breakeven point in units? a. 20 cars c. 30 cars b. 25 cars d. Answer not given 56. Assume that a total number of cars produced are 10 units, what is company's fixed cost? a. 250.000.00 c. 2,500.000.00 b. 500,000.00 d. Answer not given 57. If the company sold 11 cars at a selling price of 2,800,000.00 each. Under ceteris paribus, net income after tax of 30.00% or loss will be? a. 800.000.00 profit c. 1,700.000.00 loss b. 560,000.00 profit d. Answer not given 58. Suppose the out of 20 cars produced only 13 were sold, what is the carrying amount of cars inventory under variable costing? a. 19.250.000.00 c. 17.500.000.00 b. 18,375,000.00 d. Answer not given