Question: I have to fill in the below chart and answer questions below.. with below data.. Title Name of Dance Concert Revenues/Performance Variable Costs/Performance Contribution Margin/Performance

I have to fill in the below chart and answer questions below.. with below data..

Title

Name of Dance Concert

Revenues/Performance

Variable Costs/Performance

Contribution Margin/Performance

Total Contribution/Type of Dance Concert

Direct Fixed Costs

Segment Margin/Type of Concert

1.

2.

3.

4.

Total

Prepare a segmented income statement in good format.

Compute the number of performances required to break even for each concert. These are separate computations for each dance concert.

Compute break even for the organization as a whole and express the result in revenues instead of the number of performances.

Ms. Smith wants to performance group to show at least $150,000 in operating profit. What level of revenues does the performance group need to achieve to meet this goal?

Descriptions

Number of Performances

Cost per Dance Concert (direct fixed costs)

Hip Hop Concert

10

$45,000

Jazz and Tap Dance

5

88,000

Modern Dance

10

95,000

Christmas Spectacular

20

25,000

$253,000

Additional costs:

Variable costs associated with each performance are shown below.

Musicians

$7,500

Rental of auditorium

2,500

Dancers' compensation

7,000

General administrative and operating costs for the dance center are:

Administrative staff

$185,000

Insurance

25,000

Marketing

215,000

General office expenses

90,000

Lower Orchestra Section (A)

Upper Orchestra Section (B)

Descriptions

No. of Seats

Ticket Price

Tickets Sold per Performance

No. of Seats

Ticket Price

Tickets Sold per Performance

Hip Hop Performance

150

$85

100%

450

$50

90%

Jazz and Tap Dance

150

$85

100%

450

$50

60%

Modern Dance

150

$85

100%

450

$50

95%

Christmas Spectacular

150

$125

100%

450

$50

100%

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