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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. Compute revenue and variable costs for each show. Use the income statement equation approach to compute the number of shows must be performed each year to break even.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9978660

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