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Envico (12/05)

This topic has 1 reply, 2 voices, and was last updated 13 years ago by John Moffat.

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March 30, 2011 at 5:13 am #47926
nadir
Member
- Topics: 71
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See BPP exam kits number 24 Envico (12/05). See the answer of part a, to calculate the room cost why it has made delegate fees minus contribution. Delegate fees is a revenue for Envico and contribution also is a revenue, so why it has made this to arrive to room cost???
PLEASE REPLY Thanks in advance
April 10, 2011 at 11:59 am #80515
John Moffat
Keymaster
- Topics: 57
- Replies: 54500
Contribution = revenue – variable costs
Therefore, cost = revenue – contribution.
We know the revenue (80 per delegate) and we know the contribution from the table.
So we can work out the cost.
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