Refer to Short Exercise 19-10. For 2013, Wet Weekend expects a sales mix of two individual tickets

Question:

Refer to Short Exercise 19-10. For 2013, Wet Weekend expects a sales mix of two individual tickets for every three family tickets.
Requirements
1. Compute the new weighted-average per ticket.
2. Calculate the total number of tickets Wet Weekend must sell to break even.
3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even.

Contribution Margin
Contribution margin is an important element of cost volume profit analysis that managers carry out to assess the maximum number of units that are required to be at the breakeven point. Contribution margin is the profit before fixed cost and taxes...