The Saint John SPCA is preparing for its annual dinner-dance fundraiser. The planning committee has put together

Question:

The Saint John SPCA is preparing for its annual dinner-dance fundraiser. The planning committee has put together the follow ing expected costs for the event:

The committee members would like to charge $35 per person for the event.


Required:
1. Compute the break-even point for the event in terms of the number of people that must attend.
2. Assume only 300 people attended the dinner-dance last year. If the same number attend this year, what price per ticket must be charged to break even?
3. Refer to the original data ($35 per ticket). Prepare a CVP graph for the event from 0 tickets up to 600 tickets sold.

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Related Book For  book-img-for-question

Managerial Accounting

ISBN: 9781260193275

12th Canadian Edition

Authors: Ray H. Garrison, Alan Webb, Theresa Libby

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