6. The local non profit youth symphony is planning a concert fundraiser. The organization estimates that 550 tickets can be sold for $16 per person. The fixed costs are $720. The local chamber of commerce office will process ticket orders for a fee of $4 per ticket, to relieve the youth symphony of this responsibility. (1) How many tickets does your organization have to sell to break even? (2) How many tickets does your organization have to sell to earn a profit of $4,320? (3) How much must your organization have in sales dollars to break even (rounded to the nearest cent)? (4) How much must your organization have in sales dollars to earn a profit of $4,320 (rounded to the nearest cent)? (5) What is the organization's margin of safety in PERCENTAGE and in sales dollars?

6. The local non profit youth symphony is planning a concert fundraiser. The organization estimates that 550 tickets can be sold for $16 per person. The fixed costs are $720. The local chamber of commerce office will process ticket orders for a fee of $4 per ticket, to relieve the youth symphony of this responsibility. (1) How many tickets does your organization have to sell to break even? (2) How many tickets does your organization have to sell to earn a profit of $4,320? (3) How much must your organization have in sales dollars to break even (rounded to the nearest cent)? (4) How much must your organization have in sales dollars to earn a profit of $4,320 (rounded to the nearest cent)? (5) What is the organization's margin of safety in PERCENTAGE and in sales dollars?

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter16: Manufacturing Accounting (mfg)

Section: Chapter Questions

Problem 4R: Open MFG2 and click the Chart sheet tab. The management of Twisp is convinced that the quality of...

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