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: Total revenues Total fixed costs Total variable costs Total tickets sold $

image text in transcribed

Anu's Amusement Center has collected the following data for operations for the year: Total revenues Total fixed costs Total variable costs Total tickets sold $ 1,972,000 $ 553,200 $ 1,156,000 68,000 Required: a. What is the average selling price for a ticket? Average selling price per ticket b. What is the average variable cost per ticket? Average variable cost per ticket c. What is the average contribution margin per ticket? (Do not round intermediate calculations.) Average contribution margin per ticket d. What is the break-even point? (Do not round intermediate calculations.) Break-even point tickets e. Anu has decided that unless the operation can earn at least $292,800 in operating profits, she will close it down. What number of tickets must be sold for Anu's Amusements to make a $292,800 operating profit for the year on ticket sales? (Do not round intermediate calculations.) 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

Step: 3

blur-text-image

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

External Audit Auditing Business Functions And Assets

Authors: Bart Rohman

1st Edition

B0B5NR6TB6, 979-8839201767

More Books

Students also viewed these Accounting questions

Question

How severe are attacks of Multiple Sclerosis

Answered: 1 week ago

Question

1. How might volunteering help the employer and the employee?

Answered: 1 week ago