Based on the budget provided below: 

  

• How does a break-even analysis help not-for-profit organizations budget in the short and long term?
• 
  
• How can I calculate a break-even point for the conference based on budgeted data?
• 
  
• How can I construct a budgeted income statement?

Transcribed Image Text:

TABLE 1 Budgeted and actual costs and operations data Item Registered attendees Registration fee per attendee Sponsors' lump-sum contribution Rental of meeting rooms and AV equipment Travel costs for guest speakers and staff Cost of meals per attendee (as per contract) Registration materials per attendee Transportation per attendee to an off-site reception Cost of breaks/refreshments per attendee (as per contract) Budgeted 300 $200 $35,000 $10,000 $10,000 $170 $20 $10 $50 Actual 350 $200 $35,000 $9,800 $10,200 $170 $20 $10 $50 TABLE 1 Budgeted and actual costs and operations data Item Registered attendees Registration fee per attendee Sponsors' lump-sum contribution Rental of meeting rooms and AV equipment Travel costs for guest speakers and staff Cost of meals per attendee (as per contract) Registration materials per attendee Transportation per attendee to an off-site reception Cost of breaks/refreshments per attendee (as per contract) Budgeted 300 $200 $35,000 $10,000 $10,000 $170 $20 $10 $50 Actual 350 $200 $35,000 $9,800 $10,200 $170 $20 $10 $50

Answer rating: 100% (QA)

A breakeven analysis helps notforprofit organizations budget in the short and long term by providing insights into the point at which their revenues w... View the full answer