Question
The Millbridge High School Student Association (MHSSA) is planning a fundraising event for the spring semester. The MHSSA is planning to hire Dizzy Gillespie Heritage
The Millbridge High School Student Association (MHSSA) is planning a fundraising event for the spring semester. The MHSSA is planning to hire Dizzy Gillespie Heritage Band as entertainment for a fee of $&%). The fine arts museum was selected as the site for the event. The museum will charge the MHSSA $600 for the use of its banquet room. Good eats restaurant was selected to crater the event. Good eats will charge the MHSSA a flat fee of 400.
Q. If the MHSSA expects 250 students and alumni to attend its spring event, what is the minimum (break-even) ticket price?
Q. The MHSSA is considering two ticket prices, a $25 price for students and a $75 price for alumni. If three students are expected to attend the event for each alumni, how many students and alumni must attend the spring fundraising event if it is to break even?
Q. The mental health program for the community center has just completed its fiscal year end. The program director determines that his program has revenue for the year of $1,210,000. He believes his variable expense amounts to be $205,000 and he knows his fixed amounts are $1,100,000.
a. Compute the contribution margin for the Community Center Mental Health Program.
b. What does the result tell you about the program?
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