Question
Cu 2: (4im) WWS sells individual and family tickets, which include a meal, three beverages, and unlimited use of the swimming pools. WWS has the
- Cu 2: (4im)
WWS sells individual and family tickets, which include a meal, three beverages, and unlimited use of the swimming pools. WWS has the following ticket prices and variable costs for 2013:
|
| Individual | Family |
| Sale price per ticket ($) | 30 | 90 |
| Variable cost per ticket ($) | 15 | 60 |
WWS expects to sell two individual tickets for every four family tickets. WWSs total fixed costs are $75,000.
Requirement:
- Compute the weighted average contribution margin per ticket.
- Calculate the total number of tickets WWS must sell to break even.
- Calculate the number of individual tickets and the number of family tickets the company must sell to break even.
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Statistics Informed Decisions Using Data
Authors: Michael Sullivan III
5th Edition
9780134133539
