Joyful Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Rent on facilities Advertising Instrument Rent Teaching Instruction Books Other Costs $2.120 per month $240 per month $700 per month $41 per student $5 per student $3 per student Joyful Journeys charges $100 per student per month (a) Your Answer Correct Answer Determine the company's break-even point in (1) number of students taught per month and (2) dollars. (1) Break even in number of students taught per month students 60 so 6,000 (2) Break even in dollars Joyful Journeys has just received notice that the rent on their facilities will be increasing by $542 per month and the instrument rent will also be increasing $19 per month. (1) Determine the company's break-even point in the number of students taught per month based on the new information. (2) Determine the amount to charge per student assuming that Joyful Journeys does not increase the number of students taught. (Round amount to charge per student to 2 decimal places, e.g. 15.25.) (1) Break even in number of students taught per month students (2) Amount to charge per student