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Compute the break-even point for the dinner-dance

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Reference no: EM131582077

Exercise - Break-Even Analysis and CVP Graphing

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)

$12

Favors and program (per person)

$7

Band

$900

Rental of ballroom

$2,200

Professional entertainment during intermission

$2,700

Tickets and advertising

$700

The committee members would like to charge $45 per person for the evening's activities.

Required -

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

2. 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 orders to break even?

Reference no: EM131582077

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