Exercise 5-16 (Static) Break-Even Analysis and CVP Graphing (LO5-2, LO5-4, LO5-5) [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 ballroon Professional entertainment during intermission Tickets and advertising $ 18 5 2 $ 2,800 $ 900 $1,000 $ 1,300 The committee members would like to charge $35 per person for the evening's activities Exercise 5-16 (Static) Part 1 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 300 persons attended the dinnar.danna thamani him Professional entertainment during intermission Tickets and advertising 51,009 $ 1,300 The committee members would like to charge $35 per person for the evening's activities. Exercise 5-16 (Static) Part 1 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 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? 1. Break-even point 2. Ticket price per person to break even persons