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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.) Individual Family Total Sales price per unit Variable cost per unit Contribution margin per unit 20 60 10 40 10 20 x Sales mix in units 2 3 5 20 60 80 Contribution margin 16 Weighted-average contribution margin per unit Requirement 2. Calculate the total number of tickets Wac Start by selecting the formula and entering the amounts to with a zero value, enter "0".) ky Waters must sell to break even. (Abbrevia 1/4 Fixed costs + Target prof 3/4 nit 78750 + 0 = Required sales in units 4922 5/4 Requirement 3. Calculate the number of individual tickets pany must sell to break even. 10/4 Numbers of tickets to break even x Individual Family 4922 = Breakeven sales of tickets 1969 x 4922 2953 x Data table Individual Family Sale price per ticket Variable cost per ticket $ 20 $ 10 60 40 Print Done nput fields. For items
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