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Wild-Water Works Water Park provides for a fun day by offering a variety of rides. Wild-Water Works Water Park sells tickets at $59 per person
Wild-Water Works Water Park provides for a fun day by offering a variety of rides. Wild-Water Works Water Park sells tickets at \$59 per person as a one-day entrance fee. Variable costs per person are $26 and a fixed cost amount to $223,200 per month. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. Compute the new contribution margin per unit and the contribution margin ratio if Wild-Water Works Water Park cuts it ticket price to $43 per person. 2. Find the break-even point in units and in dollars using the contribution margin approach. (Reminder to write answer in whole units)
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