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Use the following information to complete Short Exercises S21-10 through S21-15. Funday Park competes with Cool World by providing a variety of rides. Funday Park

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Use the following information to complete Short Exercises S21-10 through S21-15. Funday Park competes with Cool World by providing a variety of rides. Funday Park sells tickets at $70 per person as a one-day entrance fee. Variable costs are $42 per person, and fixed costs are $170,800 per month. Learning Objectives 2, 3 S21-10 Computing contribution margin per unit, breakeven point in sales units Compute the contribution margin per unit and the number of tickets Funday Park must sell to break even. Perform a numerical proof to show that your answer is correct Computing contribution margin ratio, breakeven point in sales dollars Compute Funday Park's contribution margin ratio. Carry your computation to two decimal places. Use the contribution margin ratio approach to determine the sales revenue Funday Park needs to break even. Learning Objectives 2, 3 S21-11 s21-12 Applying sensitivity analysis of changing sales price and variable cost Learning Objective 4 Using the Funday Park information presented, do the following tasks. Requirements 1. Suppose Funday 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 Funday Park increases the variable cost from $42 to $56 per ticket. Compute the new breakeven int in tickets and in sales dollars

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