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The Hartford Symphony Guild is planning its annual dinner and dance. The committee has assembled the following expected costs for the event: Dinner (per person)
The Hartford Symphony Guild is planning its annual dinner and dance. The committee has assembled the following expected costs for the event: Dinner (per person) Favours and program (per person) Band Rental of ballroom $ 35 2 4,200 2,100 Professional entertainment during intermission Tickets and advertising 1,260 840 The committee members would like to charge $65 per person for the evening's activities. Required: 1. Compute the break-even point for the dinner and dance (in terms of the number of people who must attend). Broak-even point persons 2. Assume that last year 280 people attended the dinner and dance. If the same number attend this year, what price per ticket must be charged in order to break even? 2. Assume that last year 280 people attended the dinner and dance. If the same number attend this year, what price per ticket must be charged in order to break even? Ticket price per person
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