Calculate the breakeven point for ticket sales and the expected profit using the average revenue per ticket and average cost per ticket. What is the safety margin? Do the analysis at the overall (total) ticket-levels. Use the weighted contribution margin method,

Calculate the breakeven point for ticket sales and the expected profit using the average revenue per ticket and average cost per ticket. What is the safety margin? Do the analysis at the overall (total) ticket-levels. Use the weighted contribution margin method,

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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Table 1
CT Symphony Proposed Season
Concert Type
Beethoven & Brahms
Mozart
Contemporary Pop
Total
Total Fixed Costs
Average Ticket Price
$35
30
20
Number of Nights
30
30
30
90
Tickets Sold
30,000
45,000
66,000
141,000
Variable Cost/Night
25,000
27,500
30,000
$1,000,000

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