Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Anu's Amusement Center has collected the following data for operations for the year: $ 318,980 87,780 190,610 38,900 Total revenues Total fixed costs Total variable

image text in transcribed

Anu's Amusement Center has collected the following data for operations for the year: $ 318,980 87,780 190,610 38,900 Total revenues Total fixed costs Total variable costs Total tickets sold Required: (a) What is the average selling price for a ticket? (Round your answer to 2 decimal places.) Average selling price per ticket (b) What is the average variable cost per ticket? (Round your answer to 2 decimal places.) Average variable cost per ticket (c) What is the average contribution margin per ticket? (Round your answer to 2 decimal places.) per ticket Average contribution margin (d) What is the break-even point? Break-even point tickets (e) Anu has decided that unless the operation can earn at least $48,840 in operating profits, she will close it down. What number of tickets must be sold for Anu's Amusements to make a $48,840 operating profit for the year on ticket sales? Number of tickets

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting A Comprehensive Guide For Beginners

Authors: Robert McCarthy

1st Edition

1638180474, 978-1638180470

More Books

Students also viewed these Accounting questions