Question 5, Part 2 England Productions performs London shows. The average show sells 1,300 tickets at $60 per ticket. There are 175 shows per year. No additional shows can be held as the theater is alsoused by other production companies. The average show has a cast of 65, each earning a net average of $340 per show. The cast is paid after each show. The other variable cost is aprogram-printing cost of $8 per guest. Annual fixed costs total $728,000.Read the requirements.Requirement 1. Compute revenue and variable costs for each show.Select the formula and enter the amounts to compute sales revenue for each show.Number of units soldNet sales revenue per unit= Sales revenue per show$1,3006078,000 England Productions performs London shows. The average show sells 1,300 tickets at $60 per ticket. There are 175 shows per year. No additional shows can be held as the theater is alsoused by other production companies. The average show has a cast of 65, each earning a net average of $340 per show. The cast is paid after each show. The other variable cost is aprogram-printing cost of $8 per guest. Annual fixed costs total $728,000.Read the reguirements.= Variable costs per showCost of programsCost of performersTotal variable costs

The question is based on the concept of cost accounting.

England Productions performs London shows. The average show sells 1,300 tickets at $60 per ticket. There are 175 shows per year. No additional shows can be held as the theater is also sed by other production companies. The average show has a cast of 65, each earning a net average of $340 per show. The cast is paid after each show. The other variable cost is a rogram-printing cost of $8 per guest. Annual fixed costs total $728,000. Read the requirements. = Variable costs per show Cost of programs Cost of performers

England Productions performs London shows. The average show sells 1,300 tickets at $60 per ticket. There are 175 shows per year. No additional shows can be held as the theater is also sed by other production companies. The average show has a cast of 65, each earning a net average of $340 per show. The cast is paid after each show. The other variable cost is a rogram-printing cost of $8 per guest. Annual fixed costs total $728,000. Read the requirements. = Variable costs per show Cost of programs Cost of performers

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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