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Blowout Renaissance Fair The cost of admittance and dinner is $30 per person (Fixed Cost)....

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Accounting

Blowout Renaissance Fair

The cost of admittance and dinner is $30 per person (Fixed Cost).

Live music - $3,000 per night (Fixed Cost)

Rent for building - $2,700 (Fixed Cost)

Various Entertainment - $1,500 (Variable Cost)

Security Personnel - $1,000 (Variable Cost)

How many tickets do we need to sell to break even for one night of the renaissance fair?

What is the contribution margin?

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