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Imaginationtime Park competes with Splash World by providing a variety of rides. Imaginationtime sells tickets at $70 per person as a one-day entrance fee. Variable
Imaginationtime Park competes with Splash World by providing a variety of rides. Imaginationtime sells tickets at $70 per person as a one-day entrance fee. Variable costs are $42 per person, and fixed costs are S170,800 per month. Compute Imaginationtime Park's contribution margin ratio. Carry your computation to two decimal places. Use the contribution margin ratio approach to determine the sales revenue Imaginationtime Park needs to break even. Begin by selecting the formula labels and then enter the amounts to compute the contribution margin ratio. (Enter you answer to the nearest percent, X96.) Contribution margin ratio = Begin by selecting the formula and then entering the amounts to calculate the sales in dollars Imaginationtime needs to break even. (Abbreviation used: CMcontribution margin. Complete all answer boxes. For items with a zero value, enter "O".) - Required sales in dollars 2
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