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Crane Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Rent on facilities $2,330 per month Advertising $255

Crane Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows:

Rent on facilities $2,330 per month

Advertising $255 per month

Instrument Rent $730 per month

Teaching Instruction $41 per student

Books $5 per student

Other Costs $3 per student

Crane Journeys charges $100 per student per month.

Crane Journeys has just received notice that the rent on their facilities will be increasing by $543 per month and the instrument rent will also be increasing $18 per month. (1) Determine the companys break-even point in the number of students taught per month based on the new information. (2) Determine the amount to charge per student assuming that Crane Journeys does not increase the number of students taught. If Crane Journeys does not want to increase their fees, how many additional students will they need to attract? (Round amount to charge per student to 2 decimal places, e.g. 15.25.)

(1) Break even in number of students taught per month __________ students

(2) Amount to charge per student $ ______________

Additional number of students __________ Students

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