MBA 560 Financial and Managerial Accounting Module 8 Homework Answers

MBA 560 Financial and Managerial Accounting Module 8 Homework Answers

BUY HERE⬊

http://mxstudent.com/mba-560-financial-and-managerial-accounting-module-8-homework-answers/

Saint Leo MBA 560 Module 8 Homework Solution

A traveling production of The Little Mermaid performs each year. The average show sells

1,300 tickets at $50 per ticket. There are 120 shows a year. The show has a cast of 70 , each earning an average of $260 per show. The cast is paid only after each show. The other variable expense is program printing costs of $8 per guest. Annual fixed expenses total $1,237,600.

Requirements

1.	Compute revenue and variable expenses for each show.
2.	Use the income statement equation approach to compute the number of shows needed annually to break even.
3.	Use the shortcut unit contribution margin approach to compute the number of shows needed annually to earn a profit of $4,004,000. Is this goal  realistic? Give your reason.
4.	Prepare The Little Mermaid 's contribution margin income statement for 120 shows each year. Report only two categories of  expenses: variable and fixed.

Try SpiritCalendars imprints calendars with college names. The company has fixed expenses of

$1,125,000 each month plus variable expenses of $4.50 per carton of calendars. Of the variable  expense,

74 % is Cost of Goods  Sold, while the remaining 26 % relates to variable operating expenses. The company sells each carton of calendars for $19.50.