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The only questions I need help with are 4-7. The answer to 1) = 7500 seats and 2)= $123,000. The last 4 im stumped on

Section B - answer two questions only Box = $20 : 50 VC - $10 FC - $48,000 per MONTH Question B1 (10 marks) The Libus Theatre has two types of seats: regular seats sell for $16 and box seats sell for $20. Variable costs are $10 per seat, regardless of the type of seat. The theatre has 450 regular seats and 50 box seats and the seats are sold in the same ratio, Fixed costs are per month $48,000. 1:9 Required: 1) What is break-even point in number of seats per month? (2 marks) FC 48,000 = 311.68 OR 312 SEATS Sp-VC 164 - 10 2) What is break-even point in sales (in $) per month? (2 marks) 3) Create the break-even contribution income statement for one month. 4) What will be the profit if 8,400 seats are sold? 5) How many seats of both types of seat need to be sold to make a profit of $32,000? 6) The theatre management has the option of reconstructing the theatre. Forty (40) extra box seats can be put in and 100 regular seats will be removed. Calculate the new break-even point - in seats - in sales in $) (one mark each) 7) If the reconstruction work will cost $5,000 (an allocated monthly cost) and result in an increase of 10% of seats sold, what extra profit or loss will be realised

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