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Wacky Waters Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the
Wacky Waters Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools. Wacky Waters has the following ticket prices and variable costs for the year: (Click the icon to view the data.) Wacky Waters expects to sell one individual ticket for every three family tickets. Wacky Waters' total fixed costs are $78,750. Read the requirements. Requirement 1. Compute the weighted-average contribution margin per ticket. Complete the table below to calculate the weighted-average contribution margin. (Round the weighted-average contribution margin per unit to the nearest cent.) x Contribution margin Weighted-average contribution margin per unit Individual Family Total Data table Individual Family Sale price per ticket Variable cost per ticket S 20 $ 10 60 40 Print Done Requirement 2. Calculate the total number of tickets Wacky Waters must sell to break even. Start by selecting the formula and entering the amounts to calculate the total number of tickets Wacky Waters must sell to break even. (Abbreviations used: Weighted avg. CM-weighted average contribution margin. Complete all input fields. For items with a zero value, enter "0".) + = Required sales in units Requirements - ' + +1 Requirement 3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even. 1. Compute the weighted-average contribution margin per ticket. x = Breakeven sales of tickets Individual Family x 2. Calculate the total number of tickets Wacky Waters must sell to break even. 3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even. = Print Done
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