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

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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