Name: Venus plc

(£) Per Unit

Selling price 50 50 50 50 50 50

Apr May June July Aug Sept

No of Tickets sold 400 450 320 500 390 500

Income and Expenditure Account for April to September

Income Apr May June July Aug Sept

Sales 20000 22500 16000 25000 19500 25000
Sponsorship 2000 2250 1600 2500 1950
Total Income 20000 24500 18250 26600 22000 26950

Expenditure
Variable Cost
Performers Fees 5000 5625 4000 6250 4875 6250
Variable Overheads 4800 5400 3840 6000 4680 6000
Fixed Costs
Sound Eng Wages 1000 1000 1000 1000 1000
Venue Rent/Rates 1100 1100 1100 1100 1100 1100
Backline and Monitor 450 450 450 450 450 450
Insurance 500 500 500 500 500 500
Heat and Light 650 650 650 650 650 650
Depreciation 400 400 400 400 400 400
Security 750 750 750 750 750 750
Manager's Salary 1750 1750 1750 1750 1750
Selling/Distrib'n 950 950 950 950 950
Total Expenditure 13650 18575 15390 19800 17105 19800
Surplus/Deficit 6350 5925 2860 6800 4895 7150

Venus plc
Cash Budget for the six month period ending 30 September

Apr May June July Aug

Opening Bank Balance 0 -3,250 1,825 8,335 11,035
Receipts
Cash Sales 10,000 11,250 8,000 12,500 9,750
Credit Sales - 1month 10,000 11,250 8,000 12,500
Sponsorship 2000 2250 1600 2500
Total Receipts 10,000 20,000 23,325 30,435 35,785
PAYMENTS
Variable Costs
Performers Fees 5,000 5,625 4,000 6,250 4,875
Variable Overheads 4,800 5,400 3,840 6,000 4,680
Fixed Overheads
Sound Eng Wages 1000 1000 1000 1000
Venue Rent/Rates 1100 1100 1100 1100 1100
Backline and Monitor 450 450 450 450 450
Insurance 500 500 500 500 500
Heat and Light 650 650 650 650 650
Security 750 750 750 750 750
Manager's Salary 1750 1750 1750 1750
Selling/Distrib'n 950 950 950 950
Total Payments 13250 18175 14990 19400 16705
Closing Bank Balance -3250 1825 8335 11035 19080

c) Break Even Calculation

Selling Price per Ticket (£) 50
Variable cost per Ticket (£) = 24.5
Contibution per Ticket (£) = 25.5
Total Fixed Costs (£) = 41600
Break Even Point= 1631 Tickets 1631.3725
 Total
2560

ber

Total
128000
10300
138300

32000
30720
24.5
5000
6600
2700
3000
3900
2400
4500
8750
4750 41600
104320
33980

mber

Sept
19,080

12,500
9,750
1950
43,280
6,250
6,000

1000
1100
450
500
650
750
1750
950
19400
23880