Question
Table 1 CT Symphony Proposed Season Concert Type Average Ticket Price Number of Nights Tickets Sold Variable Cost/Night Beethoven & Brahms $35 30 30,000
Table 1 CT Symphony Proposed Season Concert Type Average Ticket Price Number of Nights Tickets Sold Variable Cost/Night Beethoven & Brahms $35 30 30,000 25,000 Mozart 30 30 45,000 27,500 Contemporary Pop 20 30 66,000 30,000 Total 90 141,000 Total Fixed Costs $1,000,000 a) For the coming summer season, only use data in Table 1. Calculate the breakeven point for ticket sales and the expected profit using average revenue per ticket and average cost per ticket. What is the safety margin? Do the analysis at the overall (total) ticket-levels
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Management and Cost Accounting
Authors: Colin Drury
8th edition
978-1408041802, 1408041804, 978-1408048566, 1408048566, 978-1408093887
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