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) $ 18 favors and program (per person) $ 2 band $ 2,800 rental of ballroom $ 900 professional entertainment during intermission $ 1,000 tickets and advertising $ 1,300 the committee members would like to charge $35 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 300 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even?

Instructions are listed below

Explanation:

Giving the following information:

The dinner-dance committee has assembled the following expected costs for the event:

Dinner (per person) $ 18

Favors and program (per person) $ 2

Band $ 2,800

Rental of ballroom $ 900

Professional entertainment during intermission $ 1,000

Tickets and advertising $ 1,300

The committee members would like to charge $35 per person.

1) Break-even point= fixed costs/ contribution margin

Break-evenn point= (Band+rental+professional entertainment+tickets)/[price - (dinner+favors)]

Break-even point= 6000/(35-20)= 400 individuals

2) Q= 300    P=?

300=6000/(P-20)

300*(P-20)= 6000

300P=12000

P=$40

n

explanation:

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.