Required Information 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 18 $ 2 $2,800 $ 900 $1,000 $1,300 The committee members would like to charge $35 per person for the evening's activities. 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 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? persons 1. Break-even point 2. Ticket price per person to break even Required information (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 $ 18 $ 2 $2,800 $ 900 $1,000 $1,300 The committee members would like to charge $35 per person for the evening's activities. 3. 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. (Use the line tool to draw three single lines (Total Sales Revenue, Fixed Expenses, Total Expenses). Each line should only contain the two endpoints. For the CVP Graph to grade correctly, you must enter the exact coordinates of each endpoint. Once all points have been plotted, click on the line (not individual points) and a tool icon will pop up. You can use this to enter exact co- ordinates for your points as needed. To remove a line/point from the graph, click on the line/point and select delete option.) Cost-volume-profit graph Total Sales INN 122.000 120.000 Foxed Expense $18.000 $15.000 Total ercises 0 Saved Required information points have been plotted, click on the line (not individual points) and a tool i ordinates for your points as needed. To remove a line/point from the graph, Cost-volume-profit graph Total Sales Fixed Expense falis Dollars) Total Expenso $22.000 $20,000 $18,000 $16.000 $14.000 $12.000 $10.000 Break Even Point Sales Total $8.000 $8.000 $4,000 $2.000 50 100 200 300 400 500 600 700 Number of Persons nosot
