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The fixed costs of running a fundraising dinner for Meals for the Homeless 4-31, are $10,000 and the variable costs are $75 per attendee. The
The fixed costs of running a fundraising dinner for Meals for the Homeless 4-31, are $10,000 and the variable costs are $75 per attendee. The facility where the event is being held can accommodate 500 people. Answer the following 1 If Meals charged $275 per ticket, how many people would have to attend 2 If Meals charged $300 per ticket, what would the contribution margin If 500 people attend the event, how much does the organization have to questions about the event. the gala for the organization to break even on the event? from each ticket sold be? 3. charge each attendee to earn a profit of $100,000? (Assume costs from original problem are still in effect.)
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