Homework: Chapter 3 Homework Save core: 0 of 1 pt 2 of 5 (1 complete) HW Score: 2.86%, 0.14 of 5 pts E3-34 (similar to) Question Help Wyoming Music Society is a not-for-profit organization that brings guest artists to the community's greater metropolitan area. The music society just bought a small concert hall in the center of town to house its performances. The lease payments on the concert hall are expected to be $2,000 per month. The organization pays its guest performers $500 per concert and anticipates corresponding ticket sales to be $2,500 per concert The music society also incurs costs of approximately $200 per concert for marketing and advertising. The organization pays its artistic director $58,000 per year and expects to receive $28,000 in donations in addition to its ticket sales. Read the requirements Requirements 1 and 2. Determine the formula used to calculate the breakeven point, then enter the amounts in the formula to calculate the number of concerts needed in order to break even under the scenarios presented in requirement 1 and requirement 2 (Abbreviations used CM Contribution margin, Var. Variable) Concerts needed to break even