1) |
Revenue for each show= 900 Ticket X $65=$58500 |
Variable expenses per show=Cost of cast + Program printing costs |
=(55*340+900*9)= $26800 |
Part-2 Computaation of Number of shows required break even | |
Particulars | Amount $ |
Sales | 58,500 |
Variable Costs | -26,800 |
Contribution (A) | 31,700 |
Fixed Costs (B) | 443,800 |
Number of Shows (B/A) (In numbers) | 14 |
So, 14 shows are required each year break even |
Part-3: Coputation of No. Extra shows required for beyond BEP earning profit of $4121000 |
= Profit/Contribution per show |
=4121000/31700= 130 shows |
So, total Shows required for a profit of $4121000= 14 Shows +130 Shows= 144 Show |
This goal is not realistic as the number of shows per year Is beyond 120 |
Part-4 : Income Statement | |
Particulars | Amount $ |
Sales (120X 58500) | 7,020,000 |
Variable Costs (120*26800) | -3,216,000 |
Contribution | 3,804,000 |
Fixed Costs | 443,800 |
Profit | 3,360,200 |
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