Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Montreal Opera has two types of seats: Regular seats and prime seats. The fixed costs sum up to $48,000. Below you find further relevant information:
Montreal Opera has two types of seats: Regular seats and prime seats. The fixed costs sum up to $48,000. Below you find further relevant information:
Regular | Fixed | |
Sales mix in units | 90% | 10% |
Selling price | $16 | $20 |
Unit contribution margin | $6 | $10 |
contribution margin ratio | 37.5% | 50% |
To break-even how many tickets of regular seats must be sold?
To break-even how much revenues must be generated from prime seats?
Please show all calculations
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started