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mr Goodwill [35]
3 years ago
15

Fave Motion Pictures sells movie tickets for $ 15 per movie patron. Variable costs are $ 9.00 per movie patron and fixed costs a

re $ 51 comma 000 per month. The​ company's relevant range extends to 33 comma 000 movie patrons per month. What is Fave Motion​ Pictures' projected operating income if 20 comma 000 movie patrons see movies during a​ month?
Business
1 answer:
Mekhanik [1.2K]3 years ago
8 0

Answer:

Fave Motion​ Pictures' projected operating income if 20,000 movie patrons see movies during a​ month is  $ 69,000.

Explanation:

We subtract the variable and fixed costs from the sales revenue to get the projexted operating income.

Fave Motion Pictures

Operating Income for 20,000 units

Sales  $ 15 * 20,000=                   $ 300,000

Variable costs  $ 9.00 *20,000 = $180,000

Fixed costs                                      <u> $ 51, 000 </u>

Operating Income                             $ 69,000

Fave Motion Pictures

Operating Income for 33,000 units

Sales  $ 15 * 33,000=                   $ 495,000

Variable costs  $ 9.00 *33,000 = $297,000

Fixed costs                                      <u> $ 51, 000 </u>

Operating Income                             $ 147,000

The fixed costs will not change as they are treated as period costs given per month.  Fave Motion​ Pictures' projected operating income if 20,000 movie patrons see movies during a​ month is  $ 69,000.

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