Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For 2019, WetnWild expects a sales mix of one individual ticket for every three family tickets. WetNWild's total fixed costs are $61,250. Wet Wild Swim

image text in transcribed

For 2019, WetnWild expects a sales mix of one individual ticket for every three family tickets. WetNWild's total fixed costs are $61,250. Wet Wild Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools. WetnWild has the following ticket prices and variable costs for 2018: E (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.) i Requirements Individual Family Total 1. Compute the weighted average contribution margin per ticket. 2. Calculate the total number of tickets WetnWild must sell to break even. 3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even. Contribution margin Print Done Weighted average contribution margin per unit Requirement 2. Calculate the total number of tickets WetNwild must sell to break even. Start by selecting the formula and entering the amounts to calculate the total number of tickets WetnWild 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 "O". Round your answer up to the nearest whole unit.) Required sales in units Data Table Requirement 3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even. Family = Breakeven sales of tickets Individual $ 20 $ 10 Sale price per ticket Variable cost per ticket Individual Family Choose from any list or enter any number in the input fields and then continue to the next question Print Done

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

Smart Sexy Auditing Clerk

Authors: Funny Career Quotes

1st Edition

B08RRJ97CP, 979-8588903189

More Books

Students also viewed these Accounting questions

Question

What is a single-level menu?

Answered: 1 week ago