Question
The Anu Attractions Center has collected the following data for the operations of the year: Total revenue ps 2,244,000 Total fixed costs ps 777,600 Total
The Anu Attractions Center has collected the following data for the operations of the year:
| Total revenue | ps | 2,244,000 |
| Total fixed costs | ps | 777,600 |
| Total Variable Costs | ps | 1,156,000 |
| total tickets sold | 68,000 | |
Required:
a. What is the average sale price of a ticket?
b. What is the average variable cost per ticket?
C. What is the average contribution margin per ticket?
d. What is the balance point?
e. Anu has decided that unless the operation can generate at least $350,400 in operating profit, he will close it. What number of tickets must be sold for Anu's Amusements to earn an operating profit of $350,400 for the year on ticket sales?
What is the number of tickets?
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
