Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fun in the Sun Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of

Fun in the Sun Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools. Fun in the Sun has the following ticket prices and variable costs for 2018: (Click the icon to view the data.) Fun in the Sun expects to sell one individual ticket for every three family tickets. Fun in the Sun's total fixed costs are $81,250. 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 Individual Family Total Data table Individual Family Sale price per ticket Variable cost per ticket $ 20 S 60 10 40 Print Done Contribution margin Weighted-average contribution margin per unit Requirement 2. Calculate the total number of tickets Fun in the Sun must sell to break even. Start by selecting the formula and entering the amounts to calculate the total number of tickets Fun in the Sun must sell to break even. (Abbreviations used: Weighted avg. CM = weighted- average contribution margin. Complete all input fields. For items with a zero value, enter "0".) + + = 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

More Books

Students also viewed these Accounting questions

Question

What does this look like?

Answered: 1 week ago

Question

1. Who will you assemble on the team?

Answered: 1 week ago

Question

4. Who would lead the group?

Answered: 1 week ago