Required Information Exercise 5-16 (Static) 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 Dinner (per person) Favors and program (per person) Band Rental of ballroom Professional entertainment during intermission Tickets and advertising $ 18 $ 2 $ 2, see $ 988 $1,000 $1,300 The committee members would like to charge $35 per person for the evening's activities. Exercise 5-16 (Static) Part 2 3. Refer to the original data ($35 ticket price per person). Prepare a CVP graph for the dinner-dance from zero tickets up to 600 tickets sold. (Use the line tool to draw three single lines (Total Sales Revenue, Fixed Expenses, Total Expenses). Each line should only contain the two endpoints. For the CVP Graph to grade correctly, you must enter the exact coordinates of each endpoint. Once all polnts have been plotted, click on the line (not Individual polnts) and a tool icon will pop up. You can use this to enter exact co- ordinates for your points as needed. To remove a line/point from the graph, click on the line/polnt and select delete option.) Cost-volume-profit graph Total Sales $22.000 $20.000 Fixed Expense $18.000 Total Expense $16.000 $14.000 Total Sales (in Dollars) $12.000 Break Even Paint $10.000 $8.000 00095 $4.000 $2.000 $0 0 100 200 300 400 500 600 700