G新素 XDash Xa Tutor X8 Site: XSite: XPOF 8 Lay xPOE 7 Pro xPOF BUS2 XPOF 6 Sta Xb Answ X2021 X b dse p XE Engli: X2017 XÔ https://moodle.uowplatform.edu.au/mod/quiz/attempt.php?attempt=D4728890&cmid=2061683&page=5aS7.27As 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 ableto put together thus far:ITEMSELLING PRICE VARIABLE COST % OF REVENUESoft drink$1.00$.6525Wine1.75.9525Coffee1.00.3030Candy1.00.3020Last year's manager, Jim Freeland, has advised you to be sureto add 10% of variable cost as a waste allowance for all categories.You estimate labor cost to be $250.00 (5 booths with 2 peopleeach). Even if nothing is sold, your labor cost will be $250.00, soyou decide to consider this a fixed cost. Booth rental, which is acontractual cost at $50.00 for each booth per night, is also a fixedcost.a) What is the break-even volume per evening performance?b) How much wine would you expect to sell each evening at thebreak-even point?12:52o在這裡輸入文字來搜尋后)英26/3/2021

Answered: Image /qna-images/answer/f82656c1-dfcc-418f-a627-d1d11d5462fc.jpg

Answered: a) What is the break-even volume per…

a) What is the break-even volume per evening performance? b) How much wine would you expect to sell each evening at the break-even point?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

G新素 X
Dash X
a Tutor X
8 Site: X
Site: X
POF 8 Lay x
POE 7 Pro x
POF BUS2 X
POF 6 Sta X
b Answ X
2021 X b dse p X
E Engli: X
2017 X
Ô https://moodle.uowplatform.edu.au/mod/quiz/attempt.php?attempt=D4728890&cmid=2061683&page=5
a
S7.27
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
SELLING PRICE VARIABLE COST % OF REVENUE
Soft drink
$1.00
$.65
25
Wine
1.75
.95
25
Coffee
1.00
.30
30
Candy
1.00
.30
20
Last year's manager, Jim Freeland, has advised you to be sure
to add 10% of variable cost as a waste allowance for all categories.
You estimate labor cost to be $250.00 (5 booths with 2 people
each). Even if nothing is sold, your labor cost will be $250.00, 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 the break-even volume per evening performance?
b) How much wine would you expect to sell each evening at the
break-even point?
12:52
o在這裡輸入文字來搜尋
后)英
26/3/2021

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