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England Productions performs London shows. The average show sells 1,300 tickets at $60 per ticket. There are 175 shows per year. No ac used 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 a program-printing cost of $8 per guest. Annual fixed costs total $728,000. Read the requirements.

England Productions performs London shows. The average show sells 1,300 tickets at $60 per ticket. There are 175 shows per year. No ac used 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 a program-printing cost of $8 per guest. Annual fixed costs total $728,000. Read the requirements.

FINANCIAL ACCOUNTING
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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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 used 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 program-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. = Sales revenue per show
Transcribed Image Text: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 used 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 program-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. = Sales revenue per show
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