The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event:

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)	$	25
Favors and program (per person)	$	3
Band	$	700
Rental of ballroom	$	420
Professional entertainment during intermission	$	280
Tickets and advertising	$	1,400

The committee members would like to charge $42 per person for the evenings activities.

3. Refer to the original data ($42 ticket price per person). Prepare a CVP graph for the dinner-dance from zero tickets up to 300 tickets sold.

Dinner (per person)

$

25

Favors and program (per person)

$

3

Band

$

700

Rental of ballroom

$

420

Professional entertainment during intermission

$

280

Tickets and advertising

$

1,400

The committee members would like to charge $42 per person for the evenings 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 100 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even?