The Hartford Symphony Guild is planning its annual dinner-dance.

The Hartford Symphony Guild is planning its annual dinner-dance.

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 $300
Rental of ballroom $1,700
Professional entertainment during intermission $4,000
Tickets and advertising $600
The committee members would like to charge $33 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).
Break-even point persons

2. Assume that last year only 250 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.)
Ticket price per person to break even

rev: 08_08_2017_QC_CS-92288

Worksheet Learning Objective: 05-02

Prepare and interpret a cost-
volume-profit (CVP) graph

and a profit graph.

Learning Objective: 05-05 Determine the break-even
point.

Difficulty: 1 Easy Learning Objective: 05-04
Show the effects on net
operating income of changes
in variable costs, fixed costs,
selling price, and volume.

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Answer preview to the Hartford Symphony Guild is planning its annual dinner-dance.

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