Bramble Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Rent on facilities Advertising Instrument Rent Teaching Instruction Books Other Costs Bramble Journeys charges $100 per student per month. (a) ✓ Your answer is correct. Determine the company's break-even point in (1) number of students taught per month and (2) dollars. (1) (2) $1.990 per month $1,042 per month $720 per month $36 per student $5 per student $3 per student (b) Show Transcribed Text Break even in number of students taught per month (1) Break even in dollars x Your answer is incorrect. (2) Break even in number of students taught per month Amount to charge per student Additional number of students Bramble Journeys has just received notice that the rent on their facilities will be increasing by $428 per month and the instrument rent will also be increasing $20 per month. (1) Determine the company's break-even point in the number of students taught per month based on the new information. (2) Determine the amount to charge per student assuming that Bramble Journeys does not increase the number of students taught. If Bramble Journeys does not want to increase their fees, how many additional students will they need to attract? (Round amount to charge per student to 2 decimal places, e.g. 15.25.) e Textbook and Media Save for Later 3 $ C $ 67 6700 students 67 students students Attempts: 2 of 5 used Submit Answer
Bramble Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Rent on facilities Advertising Instrument Rent Teaching Instruction Books Other Costs Bramble Journeys charges $100 per student per month. (a) ✓ Your answer is correct. Determine the company's break-even point in (1) number of students taught per month and (2) dollars. (1) (2) $1.990 per month $1,042 per month $720 per month $36 per student $5 per student $3 per student (b) Show Transcribed Text Break even in number of students taught per month (1) Break even in dollars x Your answer is incorrect. (2) Break even in number of students taught per month Amount to charge per student Additional number of students Bramble Journeys has just received notice that the rent on their facilities will be increasing by $428 per month and the instrument rent will also be increasing $20 per month. (1) Determine the company's break-even point in the number of students taught per month based on the new information. (2) Determine the amount to charge per student assuming that Bramble Journeys does not increase the number of students taught. If Bramble Journeys does not want to increase their fees, how many additional students will they need to attract? (Round amount to charge per student to 2 decimal places, e.g. 15.25.) e Textbook and Media Save for Later 3 $ C $ 67 6700 students 67 students students Attempts: 2 of 5 used Submit Answer
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 12EB: Able Transport operates a tour bus that they lease with terms that involve a fixed fee each month...
Related questions
Question
Transcribed Image Text:Bramble Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows:
Rent on facilities
Advertising
Instrument Rent
Teaching Instruction
Books
Other Costs
(a)
Bramble Journeys charges $100 per student per month.
(1)
✓ Your answer is correct.
Determine the company's break-even point in (1) number of students taught per month and (2) dollars.
(2)
(b)
$1.990 per month
$1,042 per month
$720 per month
$36 per student
Show Transcribed Text
$5
per student
$3 per student
(1)
Break even in number of students taught per month
(2)
Break even in dollars
* Your answer is incorrect.
Break even in number of students taught per month
Amount to charge per student
Bramble Journeys has just received notice that the rent on their facilities will be increasing by $428 per month and the instrument
rent will also be increasing $20 per month. (1) Determine the company's break-even point in the number of students taught per
month based on the new information. (2) Determine the amount to charge per student assuming that Bramble Journeys does not
increase the number of students taught. If Bramble Journeys does not want to increase their fees, how many additional students
will they need to attract? (Round amount to charge per student to 2 decimal places, e.g. 15.25.)
Additional number of students
eTextbook and Media
Save for Later
$
Ć
$
67
6700
students
67
students
students
Attempts: 2 of 5 used Submit Answer
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College