Question
The Lakeland Symphony would like to perform for a neighboring city. Fixed costs for the performance total $5,250. Tickets will sell for $15.75 per person,
The Lakeland Symphony would like to perform for a neighboring city. Fixed costs for the performance total $5,250. Tickets will sell for $15.75 per person, and an outside organization responsible for processing ticket orders charges the symphony a fee of $2.10 per ticket. The Lakeland Symphony expects to sell 500 tickets.
- How many tickets must the Lakeland Symphony sell to break even?
- How many tickets must the symphony sell to earn a profit of $7,350?
- How much must the Lakeland Symphony have in sales dollars to break even?
- How much must the Lakeland Symphony have in sales dollars to earn a profit of $7,350?
- What is the symphony's margin of safety in units and in sales dollars?
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Cornerstones Of Cost Accounting
Authors: Don Hansen, Maryanne M. Mowen
1st Edition
053873678X, 978-0538736787
