Question: 0 Required information Exercise 5-16 Break-Even Analysis and CVP Graphing [LO5-2, LO5-4, LO5-5 The following information applies to the questions displayed below The Hartford Symphony

0 Required information Exercise 5-16 Break-Even Analysis and CVP Graphing [LO5-2, LO5-4, LO5-5 The following information applies to the questions displayed below The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected costs for the event $ 11 Dinner (per person) Favors and program (per person) Band Rental of ballroom Professional entertainment during intermission Tickets and advertising $1,980 998 s 996 $2,640 The committee members would like to charge $24 per person for the evening's activities Exercise 5-16 Part 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 500 persons attended the dinner-dance. If the same number attend this year, what price per ticket must be charged in order to break even? 1 Break-even point 2 Ticke price per person to break even persons

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