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Managerial Accounting please do all requirements Wet Weekend Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages,
Managerial Accounting please do all requirements
Wet Weekend Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, Wet Weekend expects to sell one individual ticket for every four family tickets. Wet Weekend's total fixed costs are and unlimited use of the swimming pools. Wet Weekend has the following ticket prices and variable costs for 2018: $56,000. (Click the icon to view the data.) Read the requirements Requirement 1. Compute the weighted average contribution margin per ticket. 0 Requirements - X Complete the table below to calculate the weighted average contribution margin. Round the weighted average contribution margin per unit to then Individual Family Total 1. Compute the weighted average contribution margin per ticket. 2. Calculate the total number of tickets Wet Weekend 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. Print Done Contribution margin Weighted average contribution margin per unit i Data Table Sale price per ticket Variable cost per ticket Individual Family $ 25 $ 1560 Print Print DoneStep by Step Solution
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