A traveling production of Fiddler on the Roof performs each year. The average show sells 1,200 tickets at $55 a ticket. There are 115 shows each year. The show has a cast of 60, each earning an average of $320 per show. The cast is paid only after each show. The other variable expense is program printing costs of $9 per guest. Annual fixed expenses total $1,224,000. Requirements: Compute revenue and variable expenses for each show.

A traveling production of Fiddler on the Roof performs each year. The average show sells 1,200 tickets at $55 a ticket. There are 115 shows each year. The show has a cast of 60, each earning an average of $320 per show. The cast is paid only after each show. The other variable expense is program printing costs of $9 per guest. Annual fixed expenses total $1,224,000. Requirements: Compute revenue and variable expenses for each show.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 11EA: Markson and Sons leases a copy machine with terms that include a fixed fee each month plus acharge...

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