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please fill chart out in order Carol is starting a virtual craft workshop business. Currently she is planning to have 3 different workshops to offer.
please fill chart out in order
Carol is starting a virtual craft workshop business. Currently she is planning to have 3 different workshops to offer. Carol's Crafts plans to call each workshop a "party". She has already experimented with Party A where she charges $45 per guest. Carol's has been hosting 40 guests per week. Her variable costs for Party A are $600 per week. Carol has fixed costs of $7,000 and knows that her fixed costs will not increase if she can host more "parties" each week. Carol plans to add Party B and Party C to her weekly workshop schedule. Party B will feature a smaller kid's craft with a Workshop fee of $25 per guest and variable costs of $15. Party C will be a weekly craft club with a club fee of $60 guest and variable costs of $20. Carol plans a party mix with a ratio of 1 Party B for every 2 Party Cand 7 Party A for every Party B. (7:1:2). Carol plans to host 250 guests each week at parties. Based on this information please help Carol predict her potential net income to see if she can make this her new full-time income. Party A Party B Party C Totals 100% I. Sales Mix Selling Price Unit Variable Costs Contribution Margin Weighted average Contribution Margin Fixed Costs per month Party A Party B Party C Totals 100% Sales Mix Selling Price Unit Variable Costs Contribution Margin Weighted average Contribution Margin Fixed Costs per month WACM Break Even Point WACM Break-Even Point per Party Units Sold (total guests) Total Revenue per Week Total Variable costs Per Week Total Fixed Costs Per Week Total Costs per week Profit or Net Income Per Week 250 1 Step by Step Solution
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