PROBLEM SET #12: CVE Analysis The Accounting Society at Socal University is planning its annual fundraising extravaganza, the Bean Counter's Balli The AS expects to charge $100 per ticket. The following projected costs were culled from last year's ball (with 200 attendees] and updated to reflect current costs. 1 Prime Rib Dinners 2 Party Favors 3 Programs 4 Orchestra 5 Advertising 6 Commemorative Tickets 7 Beverly Wilshire Ballroom Rent & Dinner Time Entertainment Total 6.000 600 1.000 500 10.000 2.500 Unit 30.00 2.00 3.00 20.00 12.50 AUTHORIZATION Costs 1, 2, 3: These costs have been obtained using competitive bids based on number ordered. Each requires a minimum order of 150 and the actual number must be communicated to vendors 5 days prior to the event. Costs -4,7,8: These costs are fixed fee and must be booked far in advance. Cost-5: Programs are designed in advance and then printed out based on tickets sold. Again, there is a minimum order of 150. Costs 6: Tickets are purchased in advance and in a of 500. The tickets, along with Programs information bout this year's event including this year's date, theme, unique design, and logo. Required: Use the information above to prepare a contribution approach income statement. Use the information in #1 to calculate the following: 2. Break-even in tickets and sales dollars. Net income if-150, 250, or 300 were sold. Number of tickets that must be sold in order to earn - $10,000, $25,000, $50,000. $10,000, $25,000, $50,000. d. Assume 200 attendees, calculate price per ticket to earn -

Problem A: The Accounting Society at SoCal University is planning its annuat fundraising exiravazanzh, the Bean Counier's Ball. The AS expects to cliage $100 per tieket. The rollowing projected costs were culled from last year's ball [with 200 attendees] and updated to reflect current costs: - Costs - 1,2,3: These costs have been obtained using competitive bids based on number ordered. Bach requires a minimum order of 150 and the actuat number must becommunicated to vendors 5 days prior to the event. - Costs -4,7,8: These costs are fixed fee and must be booked far in advance. - Cost - 5: Programs are designed in advance and llien printed out based on tickets sold. Again, there is a minimum order of 150 . - Costs - 6: Tickets are purchased in advande and in a of $00, The tickets, along with Programs information about this year's event including this year's date, theme, unique design, and logo. Required: 1. Use the in formation above to prepare a contribution approach income statement. 2. Use the information in 11 to calculate tfie following: a. Break-even in tickets and sales dollars. b. Net income if 150,250 , or 300 were sold. c. Number of tickets that mus be sold in order to cam $10,000,$25,000,$50,000. d. Assume 200 attendees, calculate price per ticket to eam - $10,000,$25,000,$50,000. Requirement 1: Contribution Approach Income Statement \begin{tabular}{|c|c|c|c|} \hline Units: & 200 & Total & Unit \\ \hline Rev/Sales & & 20,000 & 100 \\ \hline \multicolumn{4}{|c|}{ Variable Costs } \\ \hline & Dinner & (6,000) & (30) \\ \hline & Party Favors & (400) & (2) \\ \hline & Programs & (600) & (3) \\ \hline & Com Tickets & (500) & (2.50) \\ \hline \multicolumn{2}{|c|}{ Contribution Margin } & 12,500 & 62.50 \\ \hline \multicolumn{4}{|l|}{ Fixed Costs } \\ \hline & Orchestra & (4,000) & \\ \hline & Advertising & (1,000) & 18 \\ \hline \multirow[t]{2}{*}{} & Rent & (10,000) & \\ \hline & Ent. & (2,500) & \\ \hline Total Fixed & & (17,500) & \\ \hline Net Income & & (5,000) & \\ \hline \end{tabular}