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Using the initial budget provided, prepare a flexible budget when the projected number of tickets sold is increased 1500 to 1750. No. of ppl $
Using the initial budget provided, prepare a flexible budget when the projected number of tickets sold is increased 1500 to 1750.
| No. of ppl | $ per person | $ | No. of ppl | $ per person | $ | |
| Ticket Sales Revenue | 1500 | $80.00 | $120,000.00 | 1750 | $80.00 | |
| Expenses | ||||||
| Variable: | ||||||
| Food | 1500 | $45.00 | $67,500.00 | $45.00 | ||
| Party gifts | 1500 | $12.00 | $18,000.00 | $12.00 | ||
| Floral Centrepieces | 150 | $23.00 | $3,450.00 | $23.00 | ||
| Chair covers | 1500 | $5.00 | $7,500.00 | $5.00 | ||
| Total Variable Expenses | $96,450.00 | |||||
| Contribution Margin | $23,550.00 | |||||
| Fixed: | ||||||
| Event planning fee | $3,500.00 | $3,500.00 | ||||
| Room rental fee | $5,500.00 | $5,500.00 | ||||
| Security | $750.00 | $750.00 | ||||
| Sound system rental fee | $5,250.00 | $5,250.00 | ||||
| Room dcor | $7,000.00 | $7,000.00 | ||||
| Door prizes | $1,000.00 | $1,000.00 | ||||
| Total Fixed Expenses | $23,000.00 | $23,000.00 | ||||
| Net Income for the charity | $550.00 |
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