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Imaginationtime Park competes with Slide World by providing a variety of rides. Imaginationtime sells tickets at $60 per person as a one-day entrance fee. Variable

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Imaginationtime Park competes with Slide World by providing a variety of rides. Imaginationtime sells tickets at $60 per person as a one-day entrance fee. Variable costs are $24 per person, and fixed costs are $226,800 per month. The breakeven number of tickets is 6,300. If Imaginationtime Park expects to sell 6,400 tickets, compute the operating leverage. Estimate the operating income if sales increase by 30%. Begin by selecting the formula labels and then entering the amounts to compute the degree of operating leverage for Imaginationtime Park. (Round the degree of operating leverage to four decimal places, X.XXXX.) Contribution margin Operating income Degree of operating leverage 7 Enter any number in the edit fields and then click Check Answer. 1 part remaining Clear All Check Answer 30,00 For each total fixed cost listed below, determine the fixed cost per unit when sales are 45, 90, and 180 units. $ Store rent Manager's salary Equipment lease Depreciation on fixtures 7,200 1,350 1,125 450 Begin by calculating the fixed cost per unit for each of the fixed costs listed, and the total fixed cost per unit when sales are 45 units. Then calculate the fixed cost per unit and the total fixed cost per unit when sales are 90 and 180 units, respectively. (Round all amounts to the nearest cent.) Fixed Cost per Unit at 45 Units Total Fixed Cost Store rent $ 7,200 1,350 1,125 Manager's salary Equipment lease Depreciation on fixtures Total fixed cost per unit 450 Enter any number in the edit fields and then click Check Answer. For its top managers, Mercury Travel formats its income statement as follows: (Click the icon to view the income statement.) Mercury's relevant range is between sales of $249,000 and $364,000. Requirements 1. Calculate the contribution margin ratio. 2. Prepare two contribution margin income statements: one at the $249,000 sales level and one at the $364,000 s (Hint: The proportion of each sales dollar that goes toward variable costs is constant within the relevant range.) Requirement 1. Calculate the contribution margin ratio. Select the labels and enter the amounts to calculate the contribution margin ratio. (Enter the contribution margin ratio as a whole percentage, X%.) = Contribution margin ratio % Choose from any list or enter any number in the input fields and then click Check Answer. ? A Darts

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