What price per ticket must be charged in order to break even

Assignment Help Managerial Accounting

Reference no: EM132693958

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)$11

Favors and program (per person)$2

Band$1,140

Rental of ballroom$570

Professional entertainment during intermission$760

Tickets and advertising$1,330

The committee members would like to charge $32 per person for the evening's activities.

Required:

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

Problem 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? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

Reference no: EM132693958

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