Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For 2019, WetNWacky expects a sales mix of two individual tickets for every three family tickets. Wet Wacky's total fixed costs are $72,000. WetNWacky Swim

image text in transcribed

For 2019, WetNWacky expects a sales mix of two individual tickets for every three family tickets. Wet Wacky's total fixed costs are $72,000. 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. 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 Data Table Individual Family $ 30 $ 90 Sale price per ticket Variable cost per ticket 15 60 Contribution margin Weighted average contribution margin per unit Print Done Requirement 2. Calculate the total number of tickets Wet Wacky 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. (Abbreviation used: Weighted-avg. CM = weighted average contribution margin. Complete all answer boxes. For items with a zero value, enter "0". Round your answer up to the nearest whole unit.) = 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 Family

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

Managerial Accounting

Authors: Ronald W Hilton

7th Edition

0073022853, 978-0073022857

More Books

Students also viewed these Accounting questions

Question

Who have we left out?

Answered: 1 week ago