please do requirements 3 and 4 following the gill in the blank format
clearer images :
Moreno Moro E7-31A (similar to) The Texas Fare there are se cesto nominibus Asume the following schedule of fees for food wendors at the Texas le co to www.eshow basa food bool that are 13 feet of horrogandit 17 refeed, Solar Concessions expects the sales averaging 4.500 per day for each of the 18 days of the foot our employees who will work toghout the 15-caped So Concessays for each employees Anand parking Assume that the employee wages for the 15-day seriode expected to a 5 336 periodegrounds sont owocon Dood 360 per 15-day ang pera 5540 for 100 more vice 335 per 15 days sinceted wibres Cox 10.00 was Pert Done Oohe 140 20 2009 10 Ft TE 13 The tota Hoqumanta. Aconsentonos revenus (Bone 10, conged by the Teams Fue) How much in the street to content the comprend ( More pen Ore Choose from anonymer the routes and then Check Answer Ryone is the day perde At the Aron propre yurt tello The Texas terem the oven voor de como CHA Read the requirements. Requirements 1. Of the fees listed in the schedule, which fees are variable with respect to the number of customers at the booth? Which fees are fixed? 2. What is the projected total fee that Solar Concessions will need to pay to The Texas State Fair assuming it meets its expected sales level for each of the 15 days of the fair? 3. Assume that variable costs are 60% of sales revenue. (This 60% includes the 16% concession fee charged by The Texas State Fair.) How much in total sales revenue is needed for Solar Concessions to break even? 4. Calculate Solar Concessions' margin of safety both in dollars and percentage. Print Done Targi Tato Breakeven sales in dollars 15 of 18 (15 complete) X More Info More Info it draws nearly one million visitors over the fifteen-day period each July and August. The fair is a non-profit organization. It is self-supporting and needs, ara minimum, to break even by generating revenues through various activities. Among the sources of revenue for The Texas State Fair are the revenues generated from the food vendors. A number of food vendors offer a wide variety of fair foods to attendees, including funnel cakes, gyros, cotton candy, milkshakes, and corn dogs It has a food booth that requires 13 feet of front frontage and is 17 feet deep Solar Concessions expects to have sales averaging $4,500 per day for each of the 15 days of the fair. It has a total of four employees who will work the fair throughout the entire 15-day period. Solar Concessions pays for each employee's fair admission and parking. Assume that the employee wages for the 15-day period are expected to total $5,326. Print Done More Info 1,089 S 2.674 $ 13,474 39 per linear foot for ground service fees (front footage x depth) 16% of concessions (food salen) $60 per 15 day parking permit $340 for 100-amp electrical service $35 per 15-day fair admittance pass (one is included with basic rental agreement) Jenue is needed for Solar Concessions to costs are 6 of sales revenue. (This 60% ing xx) the breakeven point in dollars (Complete allid Operating income 3 Contribut Print Done umber in the input fields and then click Check Answer Question Help Sacar Concessions is a vendor at the fair (Click the icon to view additional information about Solar Concessions.) Read the requirements The Texas State Fair is one of the largest state fairs in the United States. (Click the icon for additional information about the fair.) Assume the following schedule of fees for food vendors at the Texas State Fair (Click the icon to view the schedule of fees.) Concession Tees $ 10,800 Fixed Fee: Electrical service S 340 Parking permittees 240 Fair admission fees 105 Ground service fees 1.989 Total Fixed Fee $ 2,674 $ 13,474 Total Fee to The Texas State Fair Requirement 3. Assume that variable costs are 60% of sales revenue. (This 60% includes the 16% concession fee charged by The Texas State Fair.) How much total sales revenue is needed for Solar Concessions to break even? identity the formula and then compute the breakeven point in dollars. (Complete all input fields. Enter a or for any zero amounts. Enter ratios, if any, as a decimal two places, X.XX.) Fixed expenses Operating income ) Contribution margin ratio Breakeven sales in dollars 2674 > + + Choose from any list or enter any number in the input fields and then click Check Answer 2 parts Clear All Check Answer remaining