The Avenging Wanderers are a local lower league football club. They play in the Melani Stadium that has a seating capacity per game of 10,000. The club hosts 20 home games per year, and the average percentage (normal demand) of seats sold per game is 65%. The sales price per ticket is 25 and variable costs are 12 per ticket. The total fixed facility costs per season are 550,000. Required: a) You are to calculate the following: Sales volume in tickets sold per season Sales revenues based on normal demand per season Total variable costs per season Total contribution and contribution per ticket sold Break-even point expressed in number of tickets The break-even point if the club increases ticket prices by 10% but needs to incur additional committed facility costs of 100,000. You are to assume that variable costs and demand will not change due to the price increase. Please comment on the change in the break-even point. Please ensure to show all your workings. (16 marks) b) Identify and explain six assumptions on which CVP analysis is based. (9 marks) Total 25 marks