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1(a) preparing for its annual dinner-dance fundraiser. You have been nominated as a member of the Planning Committee to represent Managerial Accounting class. The following
1(a) preparing for its annual dinner-dance fundraiser. You have been nominated as a member of the Planning Committee to represent Managerial Accounting class. The following expected costs have been put together by your committee: Your committee would like to charge $50 per person for the event. Required: i) Compute the break-even point for the event in terms of the number of people that must attend. ( 3 marks) ii) Assume 320 people attended the dinner-dance last year. If the same number attend this year, what price per ticket must be charged to break even? (2 marks)
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