As manager of the St Cloud Theatre Company, you have decided that concession sales will support themselves

Subject:ManagementPrice:2.87 Bought7

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As manager of the St Cloud Theatre Company, you have decided that concession sales will support themselves. The following table provides information you have been able to put together thus far: Item Selling price Variable Cost % Revenue Soft drink $1.00 $0.65 25 Wine $1.75 $0.95 25 Coffee $1.00 $0.30 30 Candy $1.00 $0.30 20 Last years manager, Jim Freeland, has advised you to be sure to add 10% of variable cost as a waste allowance for all categories. You estimate labor cost to be $250 (5 booths with 3 people each). Even if nothing is sold, your labor cost will be $250, so you decide to consider this a fixed cost. Booth rental, which is a contractual cost at $50 for each booth per night, is also a fixed cost. Based on the information available, the daily break-even point in dollars for the St Cloud Theatre company is what? (in dollars rounded to 2 decimal places)