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points Book o References Required information Exercise 6-16 (Algo) Break-Even Analysis and CVP Graphing [LO6-2, LO6-4, LO6-5] [The following information applies to the questions
points Book o References Required information Exercise 6-16 (Algo) Break-Even Analysis and CVP Graphing [LO6-2, LO6-4, LO6-5] [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 $21 $2 $1,275 $510 $ 1,020 $ 2,295 The committee members would like to charge $40 per person for the evening's activities. Exercise 6-16 (Algo) 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 200 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even? (Round your answer to the nearest whole dollar amount.) 1. Break-even point 300 persons 2. Ticket price per person to break even $ 64
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