Explain the fixed costs of running a fund-raising dinner, Ask an Expert

Management Studies

The fixed costs of running a fund-raising dinner for meals for the homeless are $10,000 and the variable costs are $75 per attendee. The facility where the event is being held can accommodate 500 people:

1. If meals charged $275 per ticket, how many people would have to attend the gala for the organization to break even on the event?

2. If meals charged $300 per ticket, the contribution margin from each ticket sold would be:

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9280801

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