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The Annie Smith Dance Center
The Director of Annie Smith Dance Center is asking for assistance with the financial aspects of running a professional group of performers. She wants financial information presented in an easy to read format and a better understanding of the profitability of the concerts and the organization as a whole.
The Annie Smith professional group features three styles of dance concerts each year. Two of the dance concerts showcase a different genre. The third performance is a Christmas Spectacular, which is the most popular and is therefore scheduled every year. The table below provides information about expected ticket sales for the performances.
Lower Orchestra Section (A)Upper Orchestra Section (B)DescriptionsNo. of Seats.Ticket PriceTickets sold per performanceNo. of seatsTicket PriceTickets sold per performanceHip-Hop Performance150$85100%450$5090%Jazz and Tap Dance150$85100%450$5060%Christmas Spectacular150$125100%450$50100%
Ms. Smith has prepared a tentative schedule for the coming season. The table below also shows the type and number of performances and direct cost per type of concert.
DescriptionsNumber of PerformancesCost per Dance Concert
(direct fixed costs)*Hip-Hop Concert10$48,000Jazz and Tap Dance586,000Christmas Spectacular2022,000Total Direct Fixed Costs$156,000
*Examples of direct fixed costs are costumes, rehearsals, royalties, guest artist fees, choreography, and salaries of production staff, music, and wardrobe for each of the concerts. This amount does not change with the number of performances.
Variable costs associated with each performance are shown below.
Musicians$6,100Rental of auditorium2,500Dancers’ compensation6,700
Annual general administrative and operating costs for the dance center are:
Administrative staff$185,000Insurance25,000Marketing115,000General office expenses90,000
Computations (use Excel)
TitleName of Dance ConcertRevenues/
PerformanceNumber of PerformancesTotal Contribution/
Type of Dance ConcertDirect Fixed CostsSegment Margin/
Type of Concert1.2.3.Total
Memo (use Word)
Write a 4- or 5-paragraph memo to the owner of the dance center to assist her in interpreting the financial analysis. Start with an introduction and end with a recommendation. Each of the four or five paragraphs should have a heading.
Short Essay (use Word)
Start with an introduction and end with a summary or conclusion. Use headings.
Each submission should include two files: (1) An Excel file and (2) a Word document. The Word document shows the memo first and short essay last. Assume a knowledgeable business audience and use required format and length. Individuals in business are busy and want information presented in an organized and concise manner.
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