Question: Men met omew Funtime Park competes with Fun World by providing a variety of rides. Funtime sells tickets at $120 per person as a one-day
Men met omew Funtime Park competes with Fun World by providing a variety of rides. Funtime sells tickets at $120 per person as a one-day entrance fee. Variable costs are $30 per person, and fixed costs are $585,000 per month. Under these conditions, the breakeven point in tickets is 6.500 and the breakeven point in sales dollars is $780,000 Read the requirements a Qui Requirement 1. Suppose Funtime Park cuts its ticket price from $120 to $75 to increase the number of tickets sold. Compute the new breakeven point in tickets and in sales dollars Begin by selecting the formula labels and then entering the amounts to compute the number of tickets Funtime must sell to break even under this scenario (Abbreviation used CM contribution margin. Complete all answer boxes. For items with a zero value, enter "0") Required sales in units 4 Incorrect i to) (0/1) far tol (0/1) Requirements 1. Suppose Funtime Park cuts its ticket price from $120 to $75 to increase the number of tickets sold. Compute the new breakeven point in tickets and in sales dollars. 2. Ignore the information in Requirement 1. Instead, assume that Funtime Park increases the variable cost from $30 to $48 per ticket. Compute the new breakeven point in tickets and in sales dollars. Print Done
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