M Sillytime Park competes with Fun World by providing a variety of rides, Slytime sells tickets at $70 por person as a one-day entranco foe. Variable costs are $42 per. person, and fixed costs are $170,800 per month. Compute the contribution margin per unit and the number of tickets Sillytime Park must sell to break even. Performa numerical proof to show that your answer is correct. c C 70 42 Begin by selecting the formula labels and then entering the amounts to compute the contribution margin per unit Net sales revenue per unit Variable costs per unit Contribution margin per unit 28 Begin by selecting the formula labels and then entering the amounts to compute the number of tickets Silytime must sell to break even. (Abbrovision used: CM - contribution margin. Complete all input fields. For Items with a zero value, enter "o") Fixed costs Target profit ). CM per unit = Required sales in units ($ 170,300 $ 28 6,100 Perform a numerical proof that the number of tickets to breakeven you computed in the preceding stop is correct Begin by selecting the formula and then entering the amounts to compute the target profit to breakeven. (Complete all input fields. For items with a zero value, enter *0) Net sales revenue Variable costs Target profit Foxed costs 170800 Funtime Park competes with Fun World by providing a variety of rides. Funtime sells tickets at $125 per person as a one-day entrance fee. Variable costs are $75 per M person, and fixed costs are $325,000 per month Compute Funtime Park's contribution margin ratio. Carry your computation to two decimal places. Use the contribution margin ratio approach to determine the sales revenue Funtime Park needs to break even C . Begin by selecting the formula labels and then enter the amounts to compute the contribution margin ratio (Enter you answer to the nearest percent, X%) Net sales revenue per unit Variable costs per unit Contribution margin ratio Sillyday Park competes with Slide World by providing a variety of rides. Sillyday sells tickets at $130 per person as a one-day entrance fee. Variable costs are $13 per person, and fixed costs are $760,500 per month. Under these conditions, the breakeven point in tickets is 6,500 and the breakeven point in sales dollars is $845,000 Read the waitement Requirement 1. Suppote Sllyday Park cuts its ticket price from $130 to $52 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 Sillyday must sell to break even under this scenario (Abbreviation used: CM contribution margin Complete all input fields. For Items with a zero value, entero) Fixed costs + Target profit ). CM per unit Required sales in units 1. Suppose Sillyday Park cuts its ticket price from $130 to $52 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 Sillyday Park increases the variable cost from $13 to $52 per ticket. Compute the new breakeven point in tickets and in sales dollars
