Problem 2 John has been asked to determine whether the $22.50 cost of tickets for the community dinner theater will allow the group to achieve breakeven and whether the 175 seating capacity is adequate. The cost for each performance of a 10perforrnance run is $2,500. The facility rental cost for the entire 10 performances is $10,000. Drinks and parking are extra charges and have their own price and variable costs, as shown below: 1 2 3 4 5 6 7 8 9 Selling Variable Percent Contribution Sales Dollar Percent Contribution Price Cost Variable 1 (V/P) Units Sales of Weighted (P) (V) Cost (Sales sales By W (V/P) XP) Sales (Col 5 x Col 8) Tickets $22.50 $10.50 0.467 0.533 175 $3938 0.741 0.395 Drinks $5.00 $1.75 0.350 0.650 175 $875 0.165 0.107 Parking $5.00 $2.00 0.400 0.600 100 $500 0.094 0.056 Total I 450 $53 13 1.000 0.558