Anus Amusement Center has collected the following data for operations for the year: Required a. What is
Question:
Anu’s Amusement Center has collected the following data for operations for the year:
Required
a. What is the average selling price for a ticket?
b. What is the average variable cost per ticket?
c. What is the average contribution margin per ticket?
d. What is the break-even point?
e. Anu has decided that unless the operation can earn at least $131,250 in operating profits, she will close it down. What number of tickets must be sold for Anu’s Amusements to make a $131,250 operating profit for the year on ticket sales?
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Step by Step Answer:
a The average selling price for a ticket can be calculated by dividing the total revenues by the tot...View the full answer
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Related Book For 
Fundamentals of Cost Accounting
ISBN: 978-1259565403
5th edition
Authors: William Lanen, Shannon Anderson, Michael Maher
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