{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T21:00:11-04:00", "answer_date": "2024-05-26 21:00:11", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1759162", "url": "\/study-help\/questions\/the-museum-of-fine-art-is-preparing-for-its-annual-1759162", "question_creation_date_js": "2024-05-26T21:00:11-04:00", "question_creation_date": "May 26, 2024 09:00 PM", "meta_title": "[Solved] The Museum of Fine Art is preparing for i | SolutionInn", "meta_description": "Answer of - The Museum of Fine Art is preparing for its annual appreciation dinner for contributing members. Last year, 500 member | SolutionInn", "meta_keywords": "museum,fine,art,preparing,annual,appreciation,dinner,contributing,members,year,500,attended", "question_title_h1": " The Museum of Fine Art is preparing for its annual appreciation dinner for contributing members. Last year, 500 members attended the dinner. Tickets for", "question_title": " The Museum of Fine Art is preparing for its annual appreciation", "question_title_for_js_snippet": "The Museum of Fine Art is preparing for its annual appreciation dinner for contributing members Last year, 500 members attended the dinner Tickets for the dinner were $30 per attendee The profit report for last year's dinner follows (Click the icon to view the profit report ) This year the dinner committee does not want to lose money on the dinner To help achieve its goal, the committee analyzed last year's costs Of the $16,000 cost of the dinner, $8,500 were fixed costs and $7,500 were variable costs Of the $2,500 cost of invitations and paperwork, $1,750 were fixed and $750 were variable Read the requirements Requirement 1 Prepare last year's profit report using the contribution margin format (Use parentheses or a minus sign when entering losses ) Ticket sales Variable cost of dinner Gross margin 15000 7500 Fixed invitations and paperwork 5775", "question_description": "\"image\"image\"image", "transcribed_text": "The Museum of Fine Art is preparing for its annual appreciation dinner for contributing members. Last year, 500 members attended the dinner. Tickets for the dinner were $30 per attendee. The profit report for last year's dinner follows. (Click the icon to view the profit report.) This year the dinner committee does not want to lose money on the dinner. To help achieve its goal, the committee analyzed last year's costs. Of the $16,000 cost of the dinner, $8,500 were fixed costs and $7,500 were variable costs. Of the $2,500 cost of invitations and paperwork, $1,750 were fixed and $750 were variable. Read the requirements. Requirement 1. Prepare last year's profit report using the contribution margin format. (Use parentheses or a minus sign when entering losses.) Ticket sales Variable cost of dinner Gross margin 15000 7500 Fixed invitations and paperwork 5775", "related_book": { "title": "Cost Accounting A Managerial Emphasis", "isbn": "133138445, 978-0133926330, 133926338, 978-0133138443", "edition": "7th Canadian Edition", "authors": "Srikant M. Datar, Madhav V. Rajan, Charles T. Horngren, Louis Beaubien, Chris Graham", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1099.jpg", "uri": "\/textbooks\/cost-accounting-a-managerial-emphasis-7th-canadian-edition-1099", "see_more_uri": "\/textbooks\/business-advertising-3379" }, "free_related_book": { "isbn": "1032095989", "uri": "\/textbooks\/big-data-in-omics-and-imaging-association-analysis-1st-edition-9781032095981-131194", "name": "Big Data In Omics And Imaging Association Analysis", "edition": "1st Edition" }, "question_posted": "2024-05-26 21:00:11", "see_more_questions_link": "\/study-help\/questions\/business-management-leadership-2023-June-05", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/consider-the-70-households-that-purchased-a-dvd-player-48-205970", "description": "Consider the 70 households that purchased a DVD player, 48 households are satisfied with their purchase and 22 households are dissatisfied. 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