Question
The Blue Saints Band is holding a concert in Toronto. Fixed costs relating to staging a concert are $350,000. Variable costs per patron are $5.00.
The Blue Saints Band is holding a concert in Toronto. Fixed costs relating to staging a concert are $350,000. Variable costs per patron are $5.00. The selling price for a tickets $25.00. The Blue Saints Band has sold 24,000 tickets so far.
At the current level of sales, what is the margin of safety in dollars?
| a. | $115,000 | |
| b. | $112,500 | |
| c. | $162,500 | |
| d. | $180,000 |
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Safety Health And Environmental Auditing A Practical Guide
Authors: Simon Watson Pain
1st Edition
1439829470, 978-1439829479
