Question: Anu's Amusement Center has collected the following data for operations for the year: Total revenues $1,856,000 Total fixed $ 591,500 costs Total variable costs $1,024,000

 Anu's Amusement Center has collected the following data for operations for

Anu's Amusement Center has collected the following data for operations for the year: Total revenues $1,856,000 Total fixed $ 591,500 costs Total variable costs $1,024,000 Total tickets sold 64,000 Required: a. What is the average selling price for a ticket? Average selling price per ticket b. What is the average variable cost per ticket? Average variable cost per ticket c. What is the average contribution margin per ticket? (Do not round intermediate calculations.) Average contribution margin per ticket d. What is the break-even point? (Do not round intermediate calculations.) Break-even point tickets e. Anu has decided that unless the operation can earn at least $273,000 in operating profits, she will close it down. What number of tickets must be sold for Anu's Amusements to make a $273,000 operating profit for the year on ticket sales? (Do not round intermediate calculations.) Number of

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!