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The National Symphony is preparing for its annual appreciation dinner for contributing members. Last year, 5 0 0 members attended the dinner. Tickets for the
The National Symphony is preparing for its annual appreciation dinner for contributing members. Last year, members attended the dinner. Tickets for the dinner were $ per attendee. Last year's statement of comprehensive income was as follows:
View the profit report.LOADING...
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 $ comma cost of the dinner, it was determined that $ comma was fixed costs and $ comma was variable costs. Of the $ comma for invitations and paperwork, $ comma was fixed and $ was variable.
Required
Prepare last year's profit report using the contributionmargin format.
The committee is considering expanding this year's dinner invitation to include volunteer membersin addition to contributing members If the committee expects attendance to double, calculate the effect this will have on the profitability of the dinner
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