please answer part B only

View Policies Current Attempt in Progress Cullumber Theater Company is interested in estimating fixed and variable costs. The following data are available for the month of December: Cost Number of Tickets Sold 4,800 $384,630 December Detail of Cost: Author royalties/fees Wages (actors, ticket office, ushers, etc.) Rent Utilities Food and beverages Depreciation-theater equipment Owner's salary Total $84,320 171.450 65,040 6,640 33,600 12,790 10,790 $384,630 "Author royalties/fees are foxed because the theater pays for the right to put on the play, royalties and fees are not paid based on the number of tickets sold. (a) Your answer has been saved. See score details after the due date. Use account analysis to estimate fixed cost per month and variable cost per ticket soldie, estimate a and b in the equation Cost - a + (b* Sales)). Assume the only variable costs are in food and beverages. (Round variable cost per ticket sold to two decimal places, e.g. 15.25.) Cost - $ 351030 + $ * # of tickets Attempts: 1 of 1 used Total $384,630 Author royalties/fees are fixed because the theater pays for the right to put on the play, royalties and fees are not paid based on the number of tickets sold. (a) Your answer has been saved. See score details after the due date. Use account analysis to estimate fixed cost per month and variable cost per ticket sold (ie, estimate a and in the equation Cost -a +(bx Sales)). Assume the only variable costs are in food and beverages. (Round variable cost per ticket sold to two decimal places, ey. 15.25.) Cost $ 351030 + $ 7 *# of tickets Attempts: 1 of 1 used (b) Assume that the selling price per ticket is $24. Additionally, on average each ticket holder spends $10.4 on food and beverages. Based on your answer to part a, what is your estimate of the contribution margin ratio at Cullumber Theater? (Round answer to 2 decimal places, e.g. 0.52.) Estimated contribution margin ratio Save for Later Attempts: 0 of 1 used Submit