Sillytime Park competes with Fun World by providing a variety of rides. Sillytime sells tickets at $70 per person as a one-day entrance fee. Variable costs are $28 per person, and fixed costs are $258,300 per month. Under these conditions, the breakeven point in tickets is 6,150 and the breakeven point in sales dollars is $430,500. Read the requirements. Requirement 1. Suppose Sillytime Park cuts its ticket price from $70 to $56 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 Sillytime 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".) Fixed costs ($258,300 +Target profit CM per unit = Required sales in units + $ 0 )- $ 28 9,225 Next, select the formula and then enter the amounts to calculate the sales in dollars Sillytime needs to break even under this scenario. (Abbreviation used: CM = contribution margin. Enter the contribution margin ratio to the nearest percent, X%. Complete all input fields. For items with a zero value, enter "0".) ( Fixed costs + Target profit )+ 258,300 + $ 0 = $ CM ratio = Required sales in dollars 50 % 516,600 Requirement 2. Ignore the information in Requirement 1. Instead, assume that Sillytime Park increases the variable cost from $28 to $35 per ticket. Compute the new breakeven point in tickets and in sales dollars. The new breakeven point in tickets is Requirements - 1. Suppose Sillytime Park cuts its ticket price from $70 to $56 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 Sillytime Park increases the variable cost from $28 to $35 per ticket. Compute the new breakeven point in tickets and in sales dollars. Print Done