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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 pools.
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 two individual tickets for every three family tickets. WetNWacky's total fixed costs are $52,500. Read the requirements. Requirements 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. \begin{tabular}{lllr} \hline & Individual & \multicolumn{2}{c}{ Family } \\ \hline Sale price per ticket & $ & 35$ & 105 \\ Variable cost per ticket & 20 & 80 \\ \hline \end{tabular} \begin{tabular}{ll} 1 & Individual Family \\ \hline Sales price per unit \\ - & Variable cost per unit \\ Contribution margin per unit \\ Sales mix in units \end{tabular} Contribution margin Weighted-average contribution margin per unit \begin{tabular}{cc|c|c|} (+ & ) & = & Requiredsalesinunits \\ (+ & ) & = \end{tabular} company must sell to break even
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