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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
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
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