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Q3In December budget you plan to sell 1691 units for 12pounds each. Variable cost are 4 pounds per unit, fixed costs for December are 9200
Q3In December budget you plan to sell 1691 units for 12pounds each.
Variable cost are 4 pounds per unit, fixed costs for December are 9200 pounds.
What is the margin of safety as a%?
Q4you are planning a new years eve party, and have identify the following costs: Venue hire1,600 pounds, staff costs 1,210pounds, Food and Drink cost 20pounds per person .
The venue can hold a maximum of 250 people, and you can sell tickets for 60pounds each.
How many tickets do you need to sell in order to make a profit of 2,390pounds?
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