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Drop down options: Requirement 1: Contribution margin per unit, Fixed cost per unit, Sales mix in units, Sale price per unit, Variable cost per unit
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Requirement 1: Contribution margin per unit, Fixed cost per unit, Sales mix in units, Sale price per unit, Variable cost per unit
Requirement 2: Weighted-avg CM per unit, Weighted-avg CM ratio, Fixed costs, Variable costs
Requirement 3: Fixed costs, Margin of safety units, Numbers of tickets to break even, Sale price per unit, Variable cost per unit
WetNWacky expects to sell one individual ticket for every four family tickets. WetNWacky's total fixed costs are $40,500. WetNWacky Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools. WetNWacky has the following ticket prices and variable costs for 2018: (Click the icon to view the data.) Read the requirements. i Data Table Family Individual $ 20 $ 60 Sale price per ticket Variable cost per ticket 10 Print Print Done] Requirement 1. Compute the weighted-average contribution margin per ticket. Complete the table below to calculate the weighted-average contribution margin. (Round the weighted average contribution margin per unit to the nearest cent.) Individual Family Total Contribution margin Weighted average contribution margin per unit Requirement 2. Calculate the total number of tickets WetNWacky must sell to break even. Start by selecting the formula and entering the amounts to calculate the total number of tickets WetNWacky must sell to break even. (Abbreviations used: Weighted avg. CM = weighted-average contribution margin. Complete all answer boxes. For items with a zero value, enter "O".) = Required sales in units Requirement 3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even. = Breakeven sales of tickets Individual FamilyStep by Step Solution
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