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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) $15

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) $15
Favors and program (per person) $7
Band $1,500
Rental of ballroom $1,500
Professional entertainment during intermission $2,100
Tickets and advertising $700

The committee members would like to charge $51 per person for the evenings activities.

a. Compute the break-even point for the dinner-dance (in terms of the number of persons who must attend).

b. Assume that last year only 250 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 2 decimal places.)

c. Refer to the original data ($51 ticket price per person). Prepare a CVP graph for the dinner-dance from zero tickets up to 450 tickets sold.

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