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Exercise 2-16 (Algo) Break-Even Analysis and CVP Graphing [LO2-2, LO2-4, LO2-5] [The following information applies to the questions displayed below.] The Hartford Symphony Guild is
Exercise 2-16 (Algo) Break-Even Analysis and CVP Graphing [LO2-2, LO2-4, LO2-5] [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: Dinner (per person) Favors and program (per person) Band Rental of ballroom Professional entertainment during intermission Tickets and advertising The committee members would like to charge $30 per person for the evening's activities. Exercise 2-16 (Algo) Part 1 $17 $ 3 $ 600 $ 200 $ 400 $ 800 Required: 1. What is the break-even point for the dinner-dance (in terms of the number of persons who must attend? 2. Assume that last year only 100 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even? Note: Round your answer to the nearest whole dollar amount. 1. Break-even point 2. Ticket price per person to break even persons
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