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Wilson Waters Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the
Wilson 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. Wilson Waters has the following ticket prices and variable costs for the year: (Click the icon to view the data.) Wilson Waters expects to sell one individual ticket for every four family tickets. Wilson Waters' total fixed costs are $105,000. Read the requirements. Requirement 1. Compute the weighted-average contribution margin per ticket. Data table Complete the table below to calculate the weighted-average contribution margin. (Round the weighted-average contribution margin per unit to the neare Individual Family Total Sale price per ticket Variable cost per ticket Contribution margin Weighted-average contribution margin per unit Individual Family $ 20 $ 5 60 20 Print Done Requirement 2. Calculate the total number of tickets Wilson Waters must sell to break even. Start by selecting the formula and entering the amounts to calculate the total number of tickets Wilson Waters must sell to break even. (Abbreviations used: Weighted avg. CM = weighted-average contribution margin. Complete all input fields. For items with a zero value, enter "0".) + = 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. Individual Family x x x Requirements = Breakeven sales of tickets = 1. Compute the weighted-average contribution margin per ticket. = 2. Calculate the total number of tickets Wilson 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. -
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