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) $14 favors and program (per person) $7 band $1,800 rental of ballroom $1,100 professional entertainment during intermission $2,000 tickets and advertising $700 the committee members would like to charge $49 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).

$200 persons

Explanation:

Total variable cost per person:

= Dinner (per person) + Favors and program (per person)

= $14 + $7

= $21

Total fixed cost:

= Band + Rental of ballroom + professional entertainment during intermission + Tickets and advertising

= $1,800 + $1,100 + $2,000 + $700

= $5,600

Price = $49

Contribution = Price - Total variable cost per person

                    = $49 - $21

                    = $28

1. Break-even point for the dinner-dance:

= Total fixed cost ÷ Contribution margin per unit

= $5,600 ÷ $28

= $200 persons

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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.