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please answer all questions Playtime Park competes with Splash World by providing a variety of rides. Playtime sells tickets at $110 per person as a
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Playtime Park competes with Splash World by providing a variety of rides. Playtime sells tickets at $110 per person as a one-day entrance fee. Variable costs are $44 per person, and fixed costs are $412,500 per month. Under these conditions, the breakeven point in tickets is 6,250 and the breakeven point in sales dollars is $687,500. Read the requirements. Requirement 1. Suppose Playtime Park cuts its ticket price from $110 to $88 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 Playtime must sell to break even under this scenario. (Abbreviation used: CM= contribution margin. Complete all input fields. For items with a zero value, enter " 0 ".) Requirements 1. Suppose Playtime Park cuts its ticket price from $110 to $88 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 Playtime Park increases the variable cost from $44 to $55 per ticket. Compute the new breakeven point in tickets and in sales dollars. Story Park competes with Fun World by providing a variety of rides. Story sells tickets at $120 per person as a one-day entrance fee. Variable costs are $30 per person, and fixed costs are $585,000 per month. The breakeven number of tickets is 6,500, If Story Park expects to sell 6,625 tickets, compute the margin of safety in tickets and in sales dollars. Begin by selecting the formula labels and then entering the amounts to compute the margin of safety in units Step by Step Solution
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