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Required information Exercise 5-16 (Algo) Break-Even Analysis and CVP Graphing (LO5-2, LO5-4, LO5-5] (The following information applies to the questions displayed below.) The Hartford Symphony
Required information Exercise 5-16 (Algo) Break-Even Analysis and CVP Graphing (LO5-2, LO5-4, LO5-5] (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 ballroom Professional entertainment during intermission Tickets and advertising $ 30 $ 3 $ 1,260 $ 630 $ 1,260 $ 3,150 The committee members would like to charge $54 per person for the evening's activities. 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 in order to break even? (Round your answer to the nearest whole dollar amount.) persons 1. Break-even point 2. Ticket price per person to break even
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