Answered step by step
Verified Expert Solution
Question
1 Approved Answer
yerHomework.aspx?homeworkId=642087902&questionid=1&flushed=false&cld=7269474¢erwin=yes ter 2023 7Supplement K Question 7, Problem 7s.27 (similar to) Part 1 of 2 Preetinder Kaur 03/04/23 12:22 AM > HW Score: 26.32%,
yerHomework.aspx?homeworkId=642087902&questionid=1&flushed=false&cld=7269474¢erwin=yes ter 2023 7Supplement K Question 7, Problem 7s.27 (similar to) Part 1 of 2 Preetinder Kaur 03/04/23 12:22 AM > HW Score: 26.32%, 5 of 19 points O Points: 0 of 4 Save As manager of the St. Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides the information you have been able to put together thus far. Item Soft Drink Wine Coffee Candy Selling Price Variable Cost % of Revenue $1.25 $0.65 24 $2.00 $1.00 24 $1.25 $0.30 31 $0.75 $0.35 21 Last year's manager has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labour cost to be $280.00 (5 booths with 3 people each). Even if nothing is sold, your labour cost will be $280.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $50.00 for each booth per night, is also a fixed cost. a) What is break-even volume per evening performance? Based on the information available, the daily break-even point in dollars for the St. Cloud Theatre Company - dollars. (Round your response to two decimal places.) Etext pages Calculator ch Clear all Check answer DELL W 0C ^ 00 ENG 12:22 AM 2023-03-04
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started