Starry Point Music is a not-for-profit organization that brings guest artists to the city. Starry just...

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Accounting

Starry Point Music is a not-for-profit organization that bringsguest artists to the city. Starry just leased a concert hall fornext year's performances, lease payments are $1,000 per month forall 12 months of the year. The society has two types ofperformances: solo artists and small ensembles. The amount thatwill be charged for tickets for each type of performance is $320for solo artists and $420 for ensembles. The only variable costsare marketing and hourly wages and those are estimated at $20 perticket for both types of performances. The society has scheduledtwice as many ensemble performances as solo artists. In addition tothe lease costs for the concert hall, the only other fixed cost isthe salary of he Artistic Director at $98,000per year. How manytickets for each type of performance must be sold for the Societyto break even?

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BREAK EVEN POINT Break Even Point is the point where companys profit is equals to companys expense It is a situation of no loss and no profit FORMULA BREAK EVEN POINT Fixed See Answer

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