Compute the fixed and variable costs of the event

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Reference no: EM13747821

Cleveland Recreation Center is planning its annual fundraiser. The event committee has developed the following budget for the event.

Ballroom rental $2,900

Entertainment $4,500

Printing $600 plus $9 per guest

Food $29 per guest

Decorations $700 plus $5 per guest

The committee expects 3,000 people will attend the event.

Required:

A) Compute the fixed and variable costs of the event.

B) Prepare the cost function.

C) If Cleveland Recreation charges $100 per person, how much money will be raised by this event?

Reference no: EM13747821

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