Funday Park competes with Cool World by providing a variety of rides. Funday sells tickets at $70
Question:
Funday Park competes with Cool World by providing a variety of rides. Funday sells tickets at $70 per person as a one day entrance fee. Variable costs are $42 per person, and fixed costs are $170,800 per month. Compute the contribution margin per unit and the number of tickets Funday Park must sell to break even. Perform a numerical proof to show that your answer is correct.
Begin by selecting the formula labels and then entering the amounts to compute the contribution margin per unit.
Begin by selecting the formula labels and then entering the amounts to compute the number of tickets Funday must sell to break even. (Abbrevision used: CM = contribution margin. Complete all answer boxes. For items with a zero value, enter "0")
Perform a numerical proof that the number of tickets to breakeven you computed in the preceding step is correct
Begin by selecting the formula and then entering the amounts to compute the target profit to breakeven.
(Complete all answer boxes. For items with a zero value, enter "0")
Financial and Managerial Accounting
ISBN: 978-1285078571
12th edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac