Question: omework #1 in CONNECT i Saved Help Save & Exit Sub Check my wor Anu's Amusement Center has collected the following data for operations for

omework #1 in CONNECT i Saved Help Save & Exit
omework #1 in CONNECT i Saved Help Save & Exit Sub Check my wor Anu's Amusement Center has collected the following data for operations for the year. Total revenues $ 2, 176, 000 Total fixed costs $ 758, 400 Total variable costs $ 1, 088, 000 Total tickets sold 68, 000 Required: a. What is the average selling price for a ticket? ces b. What is the average variable cost per ticket? c. What is the average contribution margin per ticket? (Do not round intermediate calculations.) d. What is the break-even point? (Do not round intermediate calculations.) e. Anu has decided that unless the operation can earn at least $369,600 in operating profits, she will close it down. What number of tickets must be sold for Anu's Amusements to make a $369,600 operating profit for the year on ticket sales? (Do not round intermediate calculations.) a. Average selling price : per ticket b. Average variable cost per ticket C. Average contribution margin per ticket d. Break-even point tickets e. Number of tickets

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!