Funday Park competes with Cool World by providing a variety of rides. Funday Park sells tickets at $70 per person as a one-day entrance fee. Variable costs are $42 per person, and fixed costs are $170,800 per month. Under these conditions, the breakeven point in tickets is 6,100 and the breakeven point in sales dollars is $427,000. Read the requirements Requirement 1. Suppose Funday Park cuts its ticket price from $70 to $56 to increase the number of tickets sold. Compute the new breakeven point in tickets and in sales dollars. Begin by selecting the formula labels and then entering the amounts to compute the number of tickets Funday must sell to break even under this scenario. (Abbreviation used: CM = contribution margin. Complete all input fields. For items with a zero value, enter "0") Fixed costs Target profit CM per unit Required sales in units 12,200 ($ 170,800 + $ 0 - $ 14 Next, select the formula and then enter the amounts to calculate the sales in dollars Funday needs to break even under this scenario. (Abbreviation used: CM = contribution margin. Enter the contribution margin ratio to the nearest percent, X%. Complete all input fields. For items with a zero value, enter "0".) ( Fixed costs + Target profit)- CM ratio = Required sales in dollars ($ 170,800 + $ 0 ) = 25 % $ 683,200 Requirement 2. Ignore the information in Requirement 1. Instead, assume that Funday Park increases the variable cost from $42 to $56 per ticket. Compute the new breakeven point in tickets and in sales dollars. The new breakeven point in tickets is ckets Fundav must sell to break even under this scenario Abbreviation used CM Requirements n 1. Suppose Funday Park cuts its ticket price from $70 to $56 to increase the number of tickets sold. Compute the new breakeven point in tickets and in sales dollars. 2. Ignore the information in Requirement 1. Instead, assume that Funday Park increases the variable cost from $42 to $56 per ticket. Compute the new breakeven point in tickets and in sales dollars. re ale Print Done