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 Professional entertainment during intermission Tickets and advertising $ 25 persone 2 5,620 3,198 1,900 1,290 The committee members would like to charge $57 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). Break-even point 2. Assume that last year 300 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

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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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)
Favours and program (per person)
Band
Rental of ballroom
Professional entertainment during intermission
Tickets and advertising
Break-even point
$
The committee members would like to charge $57 per person for the evening's activities.
25
Required:
1. Compute the break-even point for the dinner and dance in terms of the number of people who must attend),
persone
Ticket price per person
5,620
3,198
1,900
1,290
2. Assume that last year 300 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?
Transcribed Image Text: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 Professional entertainment during intermission Tickets and advertising Break-even point $ The committee members would like to charge $57 per person for the evening's activities. 25 Required: 1. Compute the break-even point for the dinner and dance in terms of the number of people who must attend), persone Ticket price per person 5,620 3,198 1,900 1,290 2. Assume that last year 300 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?
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