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The Museum of Quilts is preparing for its annual appreciation dinner for contributing members. Last year, 600 members attended the dinner. Tickets for the dinner

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The Museum of Quilts is preparing for its annual appreciation dinner for contributing members. Last year, 600 members attended the dinner. Tickets for the dinner were $28 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 $16,900 cost of the dinner, $8,500 were fixed costs and $8,400 were variable costs. C the $4,000 cost of invitations and paperwork, $2,500 were fixed and $1,500 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.) Contribution margin Cost of dinner Fixed cost of dinner Fixed invitations and paperwork Gross margin Invitations and paperwork Profit (loss) Ticket sales Variable cost of dinner Variable invitations and paperwork Data table

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