Who Done It Mystery Theater sells tickets for dinner and a show for $30 each. The cost of providing dinner is $26 per ticket and the fixed cost of operating the theater is $120,000 per month. The company can accommodate 13,000 patrons each month. What is the contribution margin per patron? $4 $7.50 $0.13 $26
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Contribution Margin per patron = Selling price - Variable cost = 30 - 26 = $4 |
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Who Done It Mystery Theater sells tickets for dinner and a show for $30 each. The...
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it A, B, C, or D?
Fave Motion Pictures sells movie tickets for $10 per movie patron Variable costs are $7.50 per movie patron and fixed costs are $50,000 per month. What is Fave Motion Pictures' projected operating income if 25,000 movie patrons see movies during a month? $12,500 $62,500 $250,000 $200,000
Ocean Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $50 per passenger. Ocean Cruiseline's variable cost of providing the dinner is $20 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $210,000 per month. The company's relevant range extends to 14,000 monthly passengers. If Ocean Cruiseline has a target operating income of...
Ocean Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $50 per passenger. Ocean Cruiseline's variable cost of providing the dinner is $20 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $270,000 per month. The company's relevant range extends to 15,000 monthly passengers. If Ocean Cruiseline sells an additional 400 tickets, by...
Question 6. Executive Cruiseline offers nightly dinner cruises off the coast of Nanaimo and Victoria. Dinner Cruise tickets sell for $60 per passenger. Executive Cruiseline's variable cost of providing the dinner is $20 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $210,000 per month. The company's relevant range extends to 15,000 monthly passengers. The break-even units are 5,250 tickets sold. Executive Cruiseline expects to sell 10,000 dinner cruises. A. Compute...
Coast Cruiseline offers nightly dinner cruises off the coast of Nanaimo and Victoria. Dinner cruise tickets sell for $60 per passenger. Coast Cruiseline's variable cost of providing the dinner is $15 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $225,000 per month. Under these conditions, the break-even point in tickets is 5,000 and the break-even point in sales dollars is $300,000. Suppose Coast Cruiseline embarks on a cost-reduction drive and...
Green 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 program-printing cost of $8 per guest. Annual fixed costs total $728,000. Requirements: Compute revenue...
Green 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 program-printing cost of $8 per guest. Annual fixed costs total $728,000. Requirements: Compute revenue...
please answer part B only
View Policies Current Attempt in Progress Cullumber Theater Company is interested in estimating fixed and variable costs. The following data are available for the month of December: Cost Number of Tickets Sold 4,800 $384,630 December Detail of Cost: Author royalties/fees Wages (actors, ticket office, ushers, etc.) Rent Utilities Food and beverages Depreciation-theater equipment Owner's salary Total $84,320 171.450 65,040 6,640 33,600 12,790 10,790 $384,630 "Author royalties/fees are foxed because the theater pays for the right...
Use this information to compute the following: Great Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner Cruise tickets sell for $80 per passenger. Great Cruiseline's variable cost of providing the dinner is $40 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $240,000 per month. The company's relevant range extends to 14,000 monthly passengers. a. What...
Use this information to compute the following: Great Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $60 per passenger. Great Cruiseline's variable cost of providing the dinner is $30 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $270,000 per month. The company's relevant range extends to 19,000 monthly passengers. a. What...