Compute the fixed and variable costs for the event, Accounting Basics

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Compute the fixed and variable costs for the event

The Milwaukee Recreation Center is planning its annual fundraiser. The event committee has developed the following budget for the event.

Ballroom rental $2,900
Entertainment $4,500
Printing $600 plus $10 per guest
Food $29 per guest
Decorations $700 plus $5 per guest

The committee expects 3,000 people will attend the event.

Required:
A) Compute the fixed and variable costs for the event.
B) If Milwaukee Recreation charges $100 per person, how much money will be raised by this event?

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Accounting Basics: Compute the fixed and variable costs for the event

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Accounting Basics: Compute the fixed and variable costs for the event

Reference No:- TGS0707878

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What would or would not occur and describe the implications

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Compute the fixed and variable costs for the event

Reference No:- TGS0707878

Recent Questions Asked Accounting Basics

Q : What would or would not occur and describe the implications

Q : Compute the amount of overhead applied ot work

Q : What is the fair value of the equipment

Q : What is the gross margin for this company

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