2. Breaking even at Croke Park
The GAA Congress has supplied the
following information about Croke
Park.
It has a seating capacity of 80,000.
Croke park’s total annual fixed costs
are over €2 million per annum.
The selling price per ticket is €70
The variable cost per unit is €20
The GAA needs to know how many
tickets do they need to sell in order to
breakeven?
3. What are the Fixed and
Variable costs for the GAA
4. Question
Illustrate by means of a breakeven chart
The breakeven point
The profit at maximum capacity
The margin of safety at maximum capacity
5. Step 1 – Calculate the
Breakeven point
Formula: (show workings)
Total Fixed Costs
Contribution per unit