Q3Q3

Exercise 3-28 (Algo) Basic Decision Analysis Using CVP (LO 3-1) Waterman's WaterWorld Tourist Park has collected the following data for operations for the year: Total revenues Total fixed costs Total variable costs. Total tickets sold $ 2,700,000 $ $ 851,375 1,475,000 50,000 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? Note: Do not round intermediate calculations. d. What is the break-even point? Note: Do not round intermediate calculations. e. Waterman's management has decided that unless the operation can earn at least $196,000 in operating profits, they will close it down. What number of tickets must be sold for Waterman's to make a $196,000 operating profit for the year on ticket sales? Note: Do not round intermediate calculations. a. Average selling price b. Average variable cost c. Average contribution margin d. Break-even point e. Number of tickets per ticket per ticket per ticket tickets tickets

Exercise 3-28 (Algo) Basic Decision Analysis Using CVP (LO 3-1) Waterman's WaterWorld Tourist Park 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? Note: Do not round intermediate calculations. d. What is the break-even point? Note: Do not round intermediate calculations. e. Waterman's management has decided that unless the operation can earn at least $196.000 in operating profits, they will close it down. What number of tickets must be sold for Waterman's to make a $196,000 operating profit for the year on ticket sales? Note: Do not round intermediate calculations