British productions performs london shows the avg show

Reference no: EM13601203

British Productions performs London Shows. The avg. show sells 1200 tickets at $50/ticket. There are 120 shows a year. The avg. show has a cast of 70, each earning an avg. of $300/show. The cast is paid after each show. The other variable cost is a program-printing cost of $7 per guest. Annual fixed costs total: $459,000. Use the contribution margin approach to compute the number of shows needed each year to earn a profit of $3,825,000. Is this profit goal realistic and why? Prepare contribution margin income statement for 120 shows for 2011. Report just 2 categories of cost: variable and fixed.

Reference no: EM13601203

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