QUESTION 3 PARTA Sejahtera Investor Club is preparing for its annual meeting in which an investment seminar will be opened to its contributing members only. Last year, out of 1.500 members, due to the pandemic Covid-19 only 600 contributed for the seminar. Tickets for the seminar were RM30 per attendee. The profit report for last year's seminar as follows. Ticket sales Cost of seminar Gross margin RM 18,000 20.000 (2.000) 1.800 (3.800) Printing, invitations and paperwork Profit (Loss) This year, the club committee does not want to lose money on the seminar due to poor attendance and to achieve the goal, the committee analyzed last year's costs. It found that of the RM20,000 cost of the seminar, 40% was fixed costs and the remaining 60% was variable costs. Of the RM1,800 cost of printing, invitations and paperwork, 50% was fixed and 50% variable. Required: a) Prepare last year's profit report using the contribution margin (variable costing approach. (5 marks) b) Compute last year's break-even revenues and attendees. (3 marks) Continued... HAM 3/5 BAC 1624 MANAGEMENT ACCOUNTING 18 RINE 21 c) The club committee is considering expanding this year's seminar invitation list to include volunteer members (in addition to its contributing members). If the club committee expands the seminar invitation list, it expects an 80% increase in attendance Calculate the effect this will have on the profitability of the seminar assuming that the fixed costs will be the same as last year. (4 marks) d) The club committee is also considering to ineur promotion cost for this year's seminar, amounting to RM800. If the club want to achieve a profit of RM500 for this year's seminar, calculate the number of attendees needed, assuming the ticket per attendee remains as last year's seminar