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K Wacky Waters Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of
K Wacky Waters Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools. Wacky Waters has the following ticket prices and variable -costs for the year: Wacky Waters expects to sell one individual ticket for every three family tickets. Wacky Waters' total fixed costs are $105,000. Read the requirements. (Click the icon to view the data.) + 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.) Contribution margin Weighted-average contribution margin per unit Individual Family Total Sale price per ticket Variable cost per ticket $ EA Individual 25 $ 10 Family 75 745 40 1. Compute the weighted-average contribution margin per ticket. 2. Calculate the total number of tickets Wacky Waters 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.
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