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

image text in transcribed

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.) For 2019, Fun in the Sun expects a sales mix of two individual tickets for every three family tickets. Fun in the Sun's total fixed costs are $17,500 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 Total Family 105 Sales price per unit 35 25 100 Data table Variable cost per unit Contribution margin per unit 10 5 X Sales mix in units Individual Family Contribution margin S 35 $ 105 Sale price per ticket Variable cost per ticket 25 100 Weighted average contribution margin per unit x Requirements Print Done 1. Compute the weighted average contribution margin per ticket. 2. Calculate the total number of tickets Fun in the Sun 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. Clear all Check

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

Alaskas Permanent Fund Dividend Examining Its Suitability As A Model

Authors: K. Widerquist, M. Howard

2nd Edition

0230112072, 9780230112070

More Books

Students also viewed these Accounting questions

Question

=+7-23. Work Problem 7-20 for a clear day on December 21.

Answered: 1 week ago

Question

Who do you know that is a member of a microcultural group?

Answered: 1 week ago