Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Splashing Sun Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and For 2019, Splashing Sun expects

image text in transcribed

Splashing Sun Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and For 2019, Splashing Sun expects a sales mix of one individual ticket for every four family tickets. Splashing Sun's total fixed costs are $22.500. unlifmited use of the swimming pools. Splashing Sun has the following ticket prices and variable costs for 2018: E(Click n to view t Read the recuirements- Requirement 1. Compute the weighted-average contribution margin per ticket. Complete the table below to calculate the weighled-average contribulion margin. (Round the weighted-average contribution margin per unit to the nearest cent) X Individual Family Total Requirements 2 Calculate the total number of tickets Solashing Sun must sell to break even. 3. Calculate the number of individual tickets and the number of family tickets the company must Contribution margin ll to break even, Weighted-average contribution margin per unit Print Done Requirement 2. Caculate the total number of tickels Splashing Sun must sell to break even. Start by aelecting the formula and entering the amounts to calculate the total number of tickets Splashing Sun must sell to break even. (Abbreviation used: Weighted-avg. CM weighted-average contribution margin. Complete all answer boxes. For items with a zero value, enter "0". Round vour answer up to the nearest whole unit. - X Required sales in units Data Table Requirement 3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even. Individual Family Rreakeven sales of tickets Sale price per ticket 35 9 104 Individual Variable cost per ticket 25 100 Family Print Done list or enter any number in the input fields and then continue to the next auestion

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Conducting An Institutional Diversity Audit In Higher Education A Practitioners Guide To Systematic Diversity Transformation

Authors: Edna Chun, Alvin Evans, Benjamin D. Reese

1st Edition

1620368196, 978-1620368190

More Books

Students also viewed these Accounting questions