sxdcfvgbh

pdf

School

Seneca College *

*We aren’t endorsed by this school

Course

440

Subject

Accounting

Date

Nov 24, 2024

Type

pdf

Pages

2

Uploaded by BrigadierWillpower1924

Report
11/1/23, 8:47 PM Chapter 4 Post-Class Homework https://www.ameengage.com/mod/quiz/review.php?attempt=4637935&cmid=1260499&page=6 1/2 Dashboard / My courses / [Seneca 09/2023] HTM440NHA - Nardi / CHAPTER 4 - Cost-Volume-Profit Analysis / Chapter 4 Post-Class Homework Question 7 Correct Mark 4.00 out of 4.00 Take me to the text Si Amigo Entertainment offers theater packages at $58 per unit. The package includes snacks, beverages and a ticket. The costs incurred by the program are as follows: Variable Costs $19 per package Fixed Expenses $23,760 Do not enter dollar signs or commas in the input boxes. a) Calculate the contribution margin per package. Round your answer to 2 decimal places Contribution margin per package: $ 39 b) Determine the break-even point in units (packages) Round your answer up to the nearest whole number. Break-even point: 610 c) If the theater can accommodate only 540 individuals, how much should Si Amigo Entertainment charge per package to break-even? Assume that variable and fixed costs remain the same. Round your answer to 2 decimal places Selling Price: $ 63 d) Using the information from part (c), how much should Si Amigo charge per package if they want to have an operating income of $1,080? Round your answer to 2 decimal places Selling Price: $ 65 Explanation a) Selling Price - Variable Costs Contribution margin per package: $39.00 b) Fixed Expenses ÷ Contribution Margin Break-even point: 610 c) (Fixed Costs ÷ Number of Seats) + Variable Costs Selling Price: $63.00 d) [(Fixed Costs + Operating Income) ÷ Number of Seats] + Variable Costs Selling Price: $65.00 Correct Marks for this submission: 4.00/4.00.
11/1/23, 8:47 PM Chapter 4 Post-Class Homework https://www.ameengage.com/mod/quiz/review.php?attempt=4637935&cmid=1260499&page=6 2/2
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
  • Access to all documents
  • Unlimited textbook solutions
  • 24/7 expert homework help