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Problem Set # 1 2 : CVP Analysis Problem A: The Accounting Society at SoCal University is planning its annual fundraising extravaganza, the Bean Counter
Problem Set #: CVP Analysis Problem A: The Accounting Society at SoCal University is planning its annual fundraising extravaganza, the Bean Counters Ball. The AS expects to charge $ per ticket. The following projected costs were culled from last years ball with attendees and updated to reflect current costs: Total Unit Prime Rib Dinner Party Favors Programs Orchestra Advertising Commemorative Tickets Beverly Wilshire Ballroom Rent Dinner Time Entertainment Costs : These costs have been obtained using competitive bids based on number ordered. Each requires a minimum order of and the actual number must be communicated to vendors days prior to the event. Costs : These costs are fixed fee and must be booked far in advance. Cost : Programs are designed in advance and then printed out based on tickets sold. Again, there is a minimum order of Costs : Tickets are purchased in advance and in a of The tickets, along with Programs information about this years event including this years date, theme, unique design, and logo Required: P repare a contribution income statement in good form include list all individual VC and FC Calculate all requested values a thru d: B a reakeven in tickets and sales dollars. N b et income if or were sold. N c umber of tickets that must be sold in order to earn $ $ $ A d ssume attendees, calculate price per ticket to earn $ $ $
Problem Set #: CVP Analysis
Problem A: The Accounting Society at SoCal University is planning its annual fundraising extravaganza, the Bean Counters Ball. The AS expects to charge $ per ticket. The following projected costs were culled from last years ball with attendees and updated to reflect current costs:
Total
Unit
Prime Rib Dinner
Party Favors
Programs
Orchestra
Advertising
Commemorative Tickets
Beverly Wilshire Ballroom Rent
Dinner Time Entertainment
Costs : These costs have been obtained using competitive bids based on number ordered. Each requires a minimum order of and the actual number must be communicated to vendors days prior to the event.
Costs : These costs are fixed fee and must be booked far in advance.
Cost : Programs are designed in advance and then printed out based on tickets sold. Again, there is a minimum order of
Costs : Tickets are purchased in advance and in a of The tickets, along with Programs information about this years event including this years date, theme, unique design, and logo
Required:
P repare a contribution income statement in good form include list all individual VC and FC
Calculate all requested values a thru d:
B a reakeven in tickets and sales dollars.
N b et income if or were sold.
N c umber of tickets that must be sold in order to earn $ $ $
A d ssume attendees, calculate price per ticket to earn $ $ $
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