John has been asked to determine whether the $22.50 cost of tickets for the community dinner theater will allow the group to achieve break-even and whether the 175-seating capacity is adequate. The cost for each performance of a 10-performance run is $2,500. The facility rental cost for the entire 10 performances is $10,000. Drinks and parking are extra charges and have their own price and variable costs, as shown below: 1 2 3 4 5 6 7 8 9 Selling Price (P) Variable Cost (V) Percent Variable Cost (V/P) Contribution 1- (V/P) Sales Units Dollar Sales (Sales x P) Percent of sales Contribution Weighted By Percent Sales (Col 5 x Col 8) Tickets $22.50 $10.50 0.467 0.533 175 $3938 0.741 0.395 Drinks $5.00 $1.75 0.350 0.650 175 $875 0.165 0.107 Parking $5.00 $2.00 0.400 0.600 100 $500 0.094 0.056 Total 450 $5313 1.000 0.558