Storytime Park competes with DaisyWorld by providing a variety of rides. Storytime sells tickets at $70 per person as a one-day entrance fee. Variable costs are $15 per person, and fixed costs are $371,250 per month.

Suppose Storytime Park reduces fixed costs from $371,250 per month to $343,750 per month.

Requirement 1

Compute the new breakeven point in tickets and in sales dollars.

Requirement 2

If Storytime Park expects to sell 6,900 tickets, compute the margin of safety in tickets and in sales dollars.