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Wave Waters Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the
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. (Click the icon to view the data.) Wave Waters expects to sell two individual tickets for every three family tickets. Wave Waters' total fixed costs are $112,500 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 avera Sales price per unit Variable cost per unit Contribution margin per unit Sales mix in units Contribution margin Individual Family Total 20 60 5 20 15 40 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 contribution margin. Complete all input fields. For items with a zero value, enter "0") Fixed costs Target profit Data table Sale price per ticket Variable cost per ticket Weighted-avg. CM per unit 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 Numbers of tickets to break even Individual Proportion of the sales mix Breakeven sales of tickets Individual Print Done 20 $ 5 Family 20 SR 60 - X
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