Question: Create a Contribution Format Income Statement with the given information: You own autumn outdoor theatre, putting on shows. Financial information for the 2021 season is

own autumn outdoor theatre, putting on shows. Financial information for the 2021

Create a Contribution Format Income Statement with the given information: You own autumn outdoor theatre, putting on shows. Financial information for the 2021 season is below: Total fixed costs: $1,600,000 Variable costs per (admission) ticket sold: $4 Ticket sales: 60,000 tickets Ticket price: $35 per ticket Other revenues: None Ticket price (per ticket) will increase by $5 in 2022 Variable cost (per ticket) will decrease by 50 cents (more using the app for tickets) in 2022 A $180,000 increase in advertising will result in a 20% increase in tickets sold

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