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:ItemSelling PriceVariable Cost% of Revenue$1.00$1.75$1.50$0.70$0.90$0.30Soft Drink26Wine24Coffee31Candy$1.00$0.3019Last year's manager, Scott Ellis, 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 $280.00 (5 booths with 2 people each). Even if nothing is sold, your labor cost will be$280.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $80.00 for each booth per night, is also a fixed cost.a) Based on the information available, the per night break-even point in dollars for the St. Cloud Theatre Company = $(round your response to two decimal places).%3Db) Based on the given information, the per night break-even point in servings for wine =servings (round your response to one decimal place).

\Given below is the information of the question: SOFT DRINK WINE COFFEE CANDY Selling price…

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 $0.70 $0.90 $0.30 $0.30 26 Wine $1.75 $1.50 $1.00 24 Coffee Candy 31 19 Last year's manager, Scott Ellis, 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 $280.00 (5 booths $280.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $80.00 for each booth per night, is also a fixed cost. h 2 people each). Even if nothing is sold, your labor cost will be a) Based on the information available, the per night break-even point in dollars for the St. Cloud Theatre Company = $ (round your response to two decimal places). b) Based on the given information, the per night break-even point in servings for wine = servings (round your response to one decimal place).

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 $0.70 $0.90 $0.30 $0.30 26 Wine $1.75 $1.50 $1.00 24 Coffee Candy 31 19 Last year's manager, Scott Ellis, 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 $280.00 (5 booths $280.00, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $80.00 for each booth per night, is also a fixed cost. h 2 people each). Even if nothing is sold, your labor cost will be a) Based on the information available, the per night break-even point in dollars for the St. Cloud Theatre Company = $ (round your response to two decimal places). b) Based on the given information, the per night break-even point in servings for wine = servings (round your response to one decimal place).

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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