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evablogger [386]
3 years ago
13

Green Productions performs London shows. The average show sells 1,300 tickets at $60 per ticket. There are 175 shows per year. N

o 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:

1. Compute revenue and variable costs for each show.

2. Use the equation approach to compute the number of shows Green Productions must perform each year to break even.

3. Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of 5,687,500. Is this profit goal realistic? Give your reasoning.

4. Prepare Green Production’s contribution margin income statement for 175 shows performed in 2016. Report only two categories of costs: variable and fixed.

Business
1 answer:
Natasha2012 [34]3 years ago
7 0

Answer:

Explanation:

hope this helps:)

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If a company states in its advertisements that 10 percent of all profits go to planting trees in various parts of the​ world, th
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This type of marketing can also includes  'Corporate Social Responsibility' , investment in environmental upgradation as is the case in the question.

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3 years ago
Suppose there are 2,000 people who are unemployed as a result of cyclical unemployment and 1,000 people who are unemployed as a
olga55 [171]

Answer:

1,000

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Suppose the town of Boone has a total population of 50,000 people. Of those, 45,000 people are employed. There are 1,000 full-time students who are not employed or actively seeking work. The rest of the people are out of work but have been actively seeking work within the past four weeks.

This information is not given in the question.

For computing the frictional unemployment, first we have to determine the unemployed which is shown below:

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5 0
3 years ago
Gelb Company currently manufactures 43,000 units per year of a key component for its manufacturing process. Variable costs are $
Mashutka [201]

Answer:

It is cheaper to buy the component. At this level of production by $40,750.

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Giving the following information:

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Buy:

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It is cheaper to buy the component. At this level of production by $40,750.

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The ________ takes into account such costs as deteriorated customer relations and lost sales
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The <u>Full cost view of maintenance</u> takes into account such costs as deteriorated customer relations and lost sales.

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