Answer the following questions using the information below:
Southwestern College is planning to hold a fund raising banquet at one of the local country clubs. It has two options for the banquet:

Southwestern College has budgeted $1,800 for administrative and marketing expenses. It plans to hire a band which will cost another $800. Tickets are expected to be $30 per person. Local business supporters will donate any other items required for the event.
Which option has the lowest breakeven point?
◦ Option one
◦ Option two
◦ Both options have the same breakeven point.
◦ The lowest breakeven point cannot be determined.