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    Determining the Break Even Point and Ticket Price per Person

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    ** Please see the attached file for the properly formatted problem description **

    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) $7
    Favors and program (per person) $4
    Band $1,898
    Rental of ballroom $899
    Professional entertainment during intermission $5,994
    Tickets and advertising $1,199
    ________________________________________

    The committee members would like to charge $38 per person for the evening's activities.

    Requirement 1:
    Compute the break-even point for the dinner-dance (in terms of the number of persons who must attend).

    Break-even point persons

    Requirement 2:
    Assume that last year only 220 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. Omit the "$" sign in your response.)

    Ticket price per person $

    Requirement 3:
    Offline: Prepare a CVP graph for the dinner-dance from zero tickets up to 590 tickets sold.

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    https://brainmass.com/business/accounting/determining-break-even-point-ticket-price-person-378286

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    ** Please see the attached document for the complete solution response **

    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) $7
    Favors and program (per person) $4
    Band $1,898
    Rental of ballroom $899
    Professional entertainment during intermission $5,994
    Tickets and advertising $1,199 ...

    Solution Summary

    This solution provides a complete computation of the given accounting problem formatted in Excel.

    $2.19