The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected
Question:
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)$10Favors and program (per person)$4Band$700Rental of ballroom$2,000Professional entertainment during intermission$2,000Tickets and advertising$700
The committee members would like to charge $41 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 200 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 answer to 2 decimal places.)
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer