Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Whimsy Waters expects to sell one individual ticket for every three family tickets Whimsy Waters total fixed costs are $48.125 Whimsy Waters Swim Park sells

image text in transcribed

image text in transcribed

image text in transcribed

Whimsy Waters expects to sell one individual ticket for every three family tickets Whimsy Waters total fixed costs are $48.125 Whimsy 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 Whimsy Waters has the following ticket prices and variable costs for the year (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 contebution margin per unit to the nearest cent Individual Family Total Contribution margin Weighted average contribution margin per un Requirement 2. Calculate the total number of tickets Whimsy Waters must sell to break even Sarthe cabin the name an antarinn that trairidate the natural Whimsw Water mistahes van hart Wateru 2 prany number in the input telas and then continue to the next question ceives a meal. th ket prices and var aimsy Water rerages, ar sts for the Click the Data Table i Requirements Family Requirement Individual S 25 5 75 he weighted-aver 1. Compute the weighted average contribution margin per ticket. 2. Calculate the total number of tickets Whimsy 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 Complete the Sale price per Ucket Variable cost per ticket 15 60 Print Done Print Done Contribution margin Weighted average contribution margin per unit Requirement 2. Calculate the total number of tickets Whimsy Waters must sell to break even Waters must call in heakaven (Ahhraviatione ed Wanhar um Chiaravana mntrihi Requirement 2. Calculate the total number of tickets Whimsy Waters must sell to break even Start by selecting the formula and entering the amounts to calculate the total number of tickets Whimsy Waters must sell to break even (Abbreviations used Weighted avg CM = weighted average contribution margin Completo all Input fields For items with a zero value enter "0") 1 = 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 Breakeven sales of tickets Individual Family 2 Choose from any list or enter any number in the input fields and then continue to the next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

How can the Internet be helpful in a job search? (Objective 2)

Answered: 1 week ago