Homework Answers
ANSWER (a)
COST=$351030+$7*# OF TICKETS
EXPLANATION
IN THE QUESTION THEY HAVE ASKED FOR A COST EQUCATION WHICH WILL
COST=FIXED COST+ VARIABLE COST PER TICKETS*#OF TICKETS
FIXED COST= TOTAL COST-VARIABLE COST
=$384630-$33600=$351030
VARIABLE COST PER TICKET=VARIABLE COST/NO. OF TICKET SOLD
=$33600/4800=$7.00
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Current Attempt in Progress Cullumber Theater Company is interested in estimating fixed and variable costs. The...
please answer part B only View Policies Current Attempt in Progress Cullumber Theater Company is interested...
please answer part B only
View Policies Current Attempt in Progress Cullumber Theater Company is interested in estimating fixed and variable costs. The following data are available for the month of December: Cost Number of Tickets Sold 4,800 $384,630 December Detail of Cost: Author royalties/fees Wages (actors, ticket office, ushers, etc.) Rent Utilities Food and beverages Depreciation-theater equipment Owner's salary Total $84,320 171.450 65,040 6,640 33,600 12,790 10,790 $384,630 "Author royalties/fees are foxed because the theater pays for the right...
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13 The Little Theatre is a nonprofit organization devoted to staging plays for children. The theater...
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Answer each question as if you were a consultant hired by The Little Theater and are...
Answer each question as if you were a consultant hired by The
Little Theater and are presenting to the board as indicated in the
case study. Explain the terminology as you present the consultant's
report.
Use outside sources when necessary BUT MAKE SURE YOU CITE
THEM!
When giving a recommendation, back it up with numbers and show
calculations.
This particular answer should be a management report that no
more than four pages in length.
CASE 9-29 Performance Report with More...
The movie Company has been in business for 5 months and wants to estimate ots variable...
The movie Company has been in business for 5 months and wants
to estimate ots variable cost of ticket units sold.
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Help confused on how to do #2
The Children's Theatre The Children's Theatre is a nonprofit organization devoted to staging plays for children. The theater has a very small full-time professional administrative staff. Through a special arrangement with the actors' union, actors and directors rehearse without pay and are paid only for actual performances. The Children's Theatre had tentatively planned to put on six different productions with a total of 108 performances. For example, one of the productions was The...
Question 4 View Policies Current Attempt in Progress In 2019, Cullumber Company had a break-even point...
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(b) Prepare a flexible budget report for October. (List variable costs before fixed costs.) BUMBLEBEE COMPANY...
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please answer part B only
View Policies Current Attempt in Progress Cullumber Theater Company is interested in estimating fixed and variable costs. The following data are available for the month of December: Cost Number of Tickets Sold 4,800 $384,630 December Detail of Cost: Author royalties/fees Wages (actors, ticket office, ushers, etc.) Rent Utilities Food and beverages Depreciation-theater equipment Owner's salary Total $84,320 171.450 65,040 6,640 33,600 12,790 10,790 $384,630 "Author royalties/fees are foxed because the theater pays for the right...
The Little Theatre is a nonprofit organization devoted to staging plays for children. The theater has a very small full-time professional administrative staff. Through a special arrangement with the actors' union, actors and directors rehearse without pay and are paid only for actual performances. The Little Theatre had tentatively planned to put on six different productions with a total of 108 performances. For example, one of the productions was Peter Rabbit, which had a six-week run with three performances on...
13 The Little Theatre is a nonprofit organization devoted to staging plays for children. The theater hos o very small full-time professional administrative staff. Through a special arrangement with the actors union, actors and directors rehearse without pay and are paid only for actual performances. The Little Theatre had tentatively planned to put on six different productions with a total of 108 performances. For example, one of the productions was Peter Rabbit, which had a six-week run with three performances...
Answer each question as if you were a consultant hired by The
Little Theater and are presenting to the board as indicated in the
case study. Explain the terminology as you present the consultant's
report.
Use outside sources when necessary BUT MAKE SURE YOU CITE
THEM!
When giving a recommendation, back it up with numbers and show
calculations.
This particular answer should be a management report that no
more than four pages in length.
CASE 9-29 Performance Report with More...
The movie Company has been in business for 5 months and wants
to estimate ots variable cost of ticket units sold.
Month March April May June July Tickets Sold 1,500 2,000 3,500 2.500 4,000 Cost $10,000 $15,000 $19,000 $17.000 $22.000 The Movie Company has been in business for 5 months and wants to estimate its variable cost of tickets sold. Using the data from this chart and the high-low method, what is the variable cost for the Movie Company? (Round...
Help confused on how to do #2
The Children's Theatre The Children's Theatre is a nonprofit organization devoted to staging plays for children. The theater has a very small full-time professional administrative staff. Through a special arrangement with the actors' union, actors and directors rehearse without pay and are paid only for actual performances. The Children's Theatre had tentatively planned to put on six different productions with a total of 108 performances. For example, one of the productions was The...
Question 4 View Policies Current Attempt in Progress In 2019, Cullumber Company had a break-even point of $309,000 based on a selling price of $5 per unit and fixed costs of $92.700. In 2020, the selling price and the variable costs per unit did not change, but the break even point increased to $453,000 Compute the variable costs per unit and the contribution margin ratio for 2019. (Round Variable cost per unit to 2 decimal places, es 2.25 and Contribution...
View Policies Current Attempt in Progress Cullumber Company has the following portfolio of investment securities at September 30, 2020, its most recent reporting date. Investment Securities Horton, Inc. common (5,500 shares) Monty, Inc. preferred (3,830 shares) Oakwood Corp.common (980 shares) Cost $236,500 141,710 179,340 Fair Value $221,790 149,280 178,430 On October 10, 2020, the Horton shares were sold at a price of $52 per share. In addition, 3,170 shares of Patriot common stock were acquired at $53 per share on...
(b) Prepare a flexible budget report for October. (List variable costs before fixed costs.) BUMBLEBEE COMPANY Packaging Department Manufacturing Overhead Flexible Budget Report For the Month Ended October 31, 2020 Difference Favorable Unfavorable Neither Favorable nor Unfavorable Budget Actual Costs Bumblebee Company estimates that 387,400 direct labor hours will be worked during the coming year, 2020, in the Packaging Department. On this basis, the following budgeted manufacturing overhead cost data are computed for the year. Fixed Overhead Costs Variable Overhead...
Exercise 2-16A Estimating fixed and variable costs using the high-low method LO 2-6 Benson Boat Company makes inexpensive aluminum fishing boats. Production is seasonal, with considerable activity occurring in the spring and summer. Sales and production tend to decline in the fall and winter months. During 2019, the high point in activity occurred in June when it produced 202 boats at a total cost of $145,800. The low point in production occurred in January when it produced 39 boats at...
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