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EXERCISE 3-16 Break-Even Analysis and CVP Graphing [L03-2, L03-4, L03-5] The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the
EXERCISE 3-16 Break-Even Analysis and CVP Graphing [L03-2, L03-4, L03-5] The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event: 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 dinnerdance from zero tickets up to 600 tickets sold
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