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Wave Waters expects to sell one individual ticket for every four family tickets. Wave Waters' total fixed costs are $63,000. Wave Waters Swim Park sells
Wave Waters expects to sell one individual ticket for every four family tickets. Wave Waters' total fixed costs are $63,000. Wave 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. Wave Waters has the following ticket prices and variable costs for the year: 2 (Click the icon to view the data.) 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.) Data Table Individual Family Total Individual Family $ 20 $ 60 Sale price per ticket Variable cost per ticket 10 40 Contribution margin Print Done Weighted average contribution margin per unit Requirement 2. Calculate the total number of tickets Wave Waters must sell to break even. Start by selecting the formula and entering the amounts to calculate the total number of tickets Wave 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 Requirement 3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even. = Breakeven sales of tickets Individual Family 1. Compute the weighted average contribution margin per ticket. 2. Calculate the total number of tickets Wave 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 Contribution margin per unit Fixed cost per unit Sales mix in units Sales price per unit Variable cost per unit Requirement 2. Calculate the total number of tickets Wave Waters must sell to break even. Start by selecting the formula and entering the amounts to calculate the total number of tickets Wave Waters must sell to break even. (Abbreviation Required sales in units Requirement 3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even. X = Breakeven sales of tickets X Il Individual Family X il
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