Thanks Chris,
That makes a little more sense. On revenues of $87157.40 divided by $125.00 =697.26 toys sold, close to 700. And the Club had to stand behind the broken units to boot. With the expenses and cost of production that leaves the club out $20244.94, or about $29.05 loss per toy sold based on sales of 697 No.3 toys.
I agree with Bill Brandt in that the board of directors shouldn't tell the Smithsonian, or anyone else for that matter that the HPOCA lost money on this because the costs were known at or near the start of sales. The only unkowns were the broken units that had to be replaced. Projecting the known cost thru the life of the project would have indicated that it was going to fail to produce the anticipated income from the onset.
Complaining to the Smithsonian that we lost money because of poor planing on our part dosen't seem to be a prudent thing to do.... in my opinion.
                                                               Larry Coltrin