Problem Set #$12$: CVP Analysis

Problem A: The Accounting Society at SoCal University is planning its annual fundraising extravaganza, the Bean Counter$$s Ball. The AS expects to charge $$100$ per ticket. The following projected costs were culled from last year$$s ball $[$with $200$ attendees$]$ and updated to reflect current costs:

Costs $-1,2,3$: These costs have been obtained using competitive bids based on number ordered. Each requires a minimum order of $150$ and the actual number must be communicated to vendors $5$ days prior to the event.

Costs $-4,7,8$: These costs are fixed fee and must be booked far in advance.

Cost $-5$: Programs are designed in advance and then printed out based on tickets sold. Again, there is a minimum order of $150.$

Costs $-6$: Tickets are purchased in advance and in a of $500.$ The tickets, along with Programs information about this year$$s event including this year$$s date, theme, unique design, and logo$.$

Required:

Prepare a contribution income statement in goof form $$ include$/$ list all individual VC and FC

Calculate all requested values a thru d:

Break$-$even in tickets and sales dollars.

Net income if $-150,250,$ or $300$ were sold.

Number of tickets that must be sold in order to earn $-$ $$10,000,$ $$25,000,$ $$50,000.$

Assume $200$ attendees, calculate price per ticket to earn $-$ $$10,000,$ $$25,000,$ $$50,000.$