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WetNWacky Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming
WetNWacky Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools. WetNWacky has the following ticket prices and variable costs for 2018: (Click the icon to view the data.) For 2019, WetNWacky expects a sales mix of one individual ticket for every four family tickets. WetNWacky's total fixed costs are $49,000. Read the requirements. Sale price per ticket Variable cost per ticket Individual $ 25 $ 15 Family 75 66 60 1. Compute the weighted-average contribution margin per ticket. 2. Calculate the total number of tickets WetNWacky 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. 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 Contribution margin Weighted-average contribution margin per unit Requirement 2. Calculate the total number of tickets WetNWacky must sell to break even. Start by selecting the formula and entering the amounts to calculate the total number of tickets WetNWacky must sell to break even. (Abbreviation used: Weighted-avg. CM = weighted-average contribution margin. Complete all input fields. For items with a zero value, enter "0". Round your answer up to the nearest whole 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. x = Breakeven sales of tickets Individual Family x x =
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