Solved: A traveling production of the phantom of the opera performs, Accounting Basics

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A traveling production of the phantom of the opera performs

Question: A traveling production of The Phantom of the Opera performs each year. The average show sells 800 tickets at $50 a ticket. There are 100 shows each year. The show has a cast of 40, each earning an average of $260 per show. The cast is paid only after each show. The other variable expense is program printing costs of $6 per quest. Annual fixed expenses total $942,400.

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Accounting Basics: A traveling production of the phantom of the opera performs

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Accounting Basics: A traveling production of the phantom of the opera performs

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