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Previous question Wacky Waters Swim Park sells individual and family tickets. With a ticket, each person receives a meal, thr unlimited use of the
Previous question Wacky Waters Swim Park sells individual and family tickets. With a ticket, each person receives a meal, thr unlimited use of the swimming pools. Wacky Waters has the following ticket prices and variable costs for the year: (Click the icon to view the data.) Wacky Waters expects to sell one individual ticket for every three family tickets. Wacky Waters' total fixed costs are $78,750. Read the requirements. 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.) Individual Family Total Sales price per unit 20 60 Variable cost per unit 10 40 Contribution margin per unit 10 20 2 3 x Sales mix in units 20 60 80 Contribution margin Weighted average contribution margin per unit 16 Requirement 2. Calculate the total number of tickets Wacky Waters must sell to break even. Start by selecting the formula and entering the amounts to calculate the total number of tickets Wacky Waters must sell to break even. (Abbreviations used: Weighted avg. CM-weighted-average contribution margin. Complete all input fields. For items with a zero value, enter "0".) Fixed costs ( 78750 Target profit )+ Weighted-avg. CM per unit Required sales in units 16 Requirement 3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even. Individual Family Numbers of tickets to break even x 4922 x Proportion of the sales mix = Breakeven sales of tickets =
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