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7 Required information Part 2 of 2 The following information applies to the questions displayed below. The Hartford Symphony Guild is planning its annual dinner-dance.
7 Required information Part 2 of 2 The following information applies to the questions displayed below. The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event 10 points Dinner (per person) Favors and program (per person) Band 16 Rental of ballroom Professional entertainment during intermission Tickets and advertising S 2 ok $1,250 S 500 $ 750 $2,500 Ask The committee members would like to charge $28 per person for the evening's activities Print 3. Refer to the original data ($28 ticket price per person). Prepare a CVP graph for the dinner-dance from zero tickets up to 600 tickets sold. (Use the line tool to draw three single lines (Total Sales Revenue, Fixed Expenses, Total Expenses). Each line should only contain the two endpoints. For the CVP Graph to grade correctly, you must enter the exact coordinates of each endpoint. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co- References ordinates for your points as needed. To remove a line/point from the graph, click on the line/point and select delete option.) Cost-volume-profit graph Total Sales $24,000 Fixed Expense $20,000 $18,000 Total Expense $14.000 $16,000 $14.000 $12.000 Break Even Point $4.000 500 so 100 200 300 400 00 600 700 Number of Persons 10 $26,000 Total Sales (in Dollars) $10,000 $6.000 $22.000 $6.000 $2.000
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