Breakeven point, sales price at breakeven point. Apo Ni Simang Sorority is planning its annual 'A Night of Extravaganza". The committee in charge of this event has assembled the following expected related costs. The committee would like to charge P800 per pax for the activity. Dinner per person Favors and programs per person Band 250 300 Tickets and advertising Venue rental Floorshow 25,000 40,000 20,000 15,000 Required: 1. Breakeven point in terms of units and pesos. . Assume that last year only 250 persons attended the event and the same number of attendees is expected this year, what price per ticket must be charged to breakeven?

Breakeven point, sales price at breakeven point. Apo Ni Simang Sorority is planning its annual 'A Night of Extravaganza". The committee in charge of this event has assembled the following expected related costs. The committee would like to charge P800 per pax for the activity. Dinner per person Favors and programs per person Band 250 300 Tickets and advertising Venue rental Floorshow 25,000 40,000 20,000 15,000 Required: 1. Breakeven point in terms of units and pesos. . Assume that last year only 250 persons attended the event and the same number of attendees is expected this year, what price per ticket must be charged to breakeven?

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

Section: Chapter Questions

Problem 20M

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Using the chart, I need assistance in answering the following questions w/ explanations: (The cost of the bags, which must be ordered in batches of 100) a) If this was a profit-making activity, at the entry fee of $20, what would be the profit-maximizing quantity of participants/bags? (I got 300 participants/bags) b) Use the information in the table to determine the exact breakeven quantity of participants/bags for the entry fee of $20. Use the formula Qb = F/(P – AVC). (I am not sure what to do or if I did this right. I got 113.)
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H1
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