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The Lakeland Symphony would like to perform for a neighboring city. Fixed costs for the performance total $5,250. Tickets will sell for $15.

The Lakeland Symphony would like to perform for a neighboring city. Fixed costs for the performance total $5,250. Tickets will sell for $15.75 per person, and an outside organization responsible for processing ticket orders charges the symphony a fee of $2.10 per ticket. The Lakeland Symphony expects to sell 500 tickets.

  1. How many tickets must the Lakeland Symphony sell to break even?
  2. How many tickets must the symphony sell to earn a profit of $7,350?
  3. How much must the Lakeland Symphony have in sales dollars to break even?
  4. How much must the Lakeland Symphony have in sales dollars to earn a profit of $7,350?
  5. What is the symphony's margin of safety in units and in sales dollars?

Top Answer

How many tickets must the Lakeland Symphony sell to break even?5250/ 15.75-2.10 = 384.6 or 385 tickets How many tickets must... View the full answer

1 comment
  • Both answers are most help but I can only choose one. However, I need to both to help me.
    • Iwanttograduate2018
    • Apr 01, 2018 at 8:13pm

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Other Answers

1) No of  tickets must the Lakeland Symphony sell to break even = Fixed Cost/Contribution Margin per unit No of  tickets... View the full answer

1 comment
  • Both answers are most help but I can only choose one. However, I need to both to help me.
    • Iwanttograduate2018
    • Apr 01, 2018 at 8:13pm

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