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Required information Exercise 5-16 (Algo) Break-Even Analysis and CVP Graphing [LO5-4, LO5-7, LO5-8] [The following information applies to the questions displayed below.] The Hartford Symphony

image text in transcribed Required information Exercise 5-16 (Algo) Break-Even Analysis and CVP Graphing [LO5-4, LO5-7, LO5-8] [The following information applies to the questions displayed below.] The Hartford Symphony Guild is planning its annual dinner-dance and assembled the following expected costs for the event: The expected ticket price is $54 per person. Exercise 5-16 (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 to break even? Note: Round your answer to the nearest whole dollar amount

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