Problem
Think about a situation where you might want to determine the price to charge for an event.
1. What type of variable costs would you expect?
2. What type of fixed costs would you expect?
3. What other factors would influence the amount you would charge for the event?
4. Using the information above, develop a cost-volume-profit problem compete with estimated information. You may expect that those solving the problem will find the price to charge, the number that must attend, and/or the profit you will earn based upon the information you provide. Include the solution.