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) ......................................................................... $18Favors and program (per person) .............................................. $2Band .......................................................................................................$2,800Rental of ballroom .......................................................................... $900Professional entertainment during intermission ................ $1,000Tickets and advertising ................................................................ $1,300 The committee members would like to charge $35 per person for the evening’s 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 300 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even?3. Refer to the original data ($35 ticket price per person). Prepare a CVP graph for the dinnerdance from zero tickets up to 600 tickets sold.
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) ......................................................................... $18
Favors and program (per person) .............................................. $2
Band .......................................................................................................$2,800
Rental of ballroom .......................................................................... $900
Professional entertainment during intermission ................ $1,000
Tickets and advertising ................................................................ $1,300
The committee members would like to charge $35 per person for the evening’s 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 300 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even?
3. Refer to the original data ($35 ticket price per person). Prepare a CVP graph for the dinnerdance from zero tickets up to 600 tickets sold.
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