HW LO 32 36 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: Dinner (per person). Favors and program (per person) $18 $2 Band. $2,800 Rental of ballroom. $900 Professional entertainment during intermission. $1,000 Tickets and advertising. $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. 3. 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? Refer to the original data ($35 ticket price per person). Prepare a CVP graph for the dinner- dance from zero tickets up to 600 tickets sold.