Vocational Accounting
Member rating: No Rating | Words: | Submitted: Fri Aug 26 2005
On the left is an image preview of every page of this document, and below are the first 150 words with formatting removed:
Vocational Accounting A. Calculate break even point on the basis of average guest per week. - Break even = Fixed costs Contribution - Fixed costs = £35,000 + £8,650 = £43,650 - Contribution = Selling price - Variable costs - Selling price = £150 per person -Variable costs = £35 + £3 +£5 + £10 = £53 -Contribution = £150 - £53 = £97 -Break even = £43,650 £97 = 450 guests - This shows that 450 guests are to be held within a 30 week period. Therefore for the charity to break even 15 guest are required each week. In order to heck that the answer I came to is correct I will take the 450 guests (answer I came to) and, should the answer be correct, income - (fixed costs + variable costs) would be equal to 0. Income = 450 x £150 = £67,500 Fixed costs = £43, 650 Expenditure = 450 x Variable costs = 450 x...


