EXERCISE 3-16 Break-Even Analysis and CVP Graphing |L03-2, L034, 103-6) 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 $18 $2 $2 800 $900 $1.000 $1.300 The committee members would like to charge $35 per person for the evening's activities. Required: 1. Compute the break-even point for the dinner-dance in terms of the number of persons who must attend 2 Assume that last year only 300 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even! 3. Refer to the original data ($35 ticket price per person). Prepare a CVP graph for the dinner- dince from zero tickets up 15 600 tickets sold