Sheridan Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows:

Sheridan Journeys Music School provides private music lessons for elementary students. Its operating costs are as follows: Rent on facilities Advertising Instrument Rent Teaching instruction $2,010 per month $534 per month $750 per month $38 per student $5 per student Books Other Costs $3 per student Sheridan Journeys charges $100 per student per month 6.67 / 10 (a) Your answer is correct. 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 61 students (2) Break even in dollars 6100 e Textbook and Media 6.6// TU il Your answer is partially correct. Sheridan Journeys has just received notice that the rent on their facilities will be increasing by $628 per month and the instrument rent will also be increasing $20 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 Sheridan Journeys does not increase the number of students taught. If Sheridan Journeys does not want to increase their fees, how many additional students will they need to attract? (Round amount to charge per student to 2 decimal places, eg, 15.25) (1) Break even in number of students taught per month 73 students (2) Amount to charge per student $ Additional number of students students e Textbook and Media