Using the Wet Weekend Swim Park information presented, do the following tasks Wet Weekend Swim Park sells individual and family tickets With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools Wet Weekend has the following ticket prices and variable costs for 2014 Wet Weekend expects to sell two individual tickets for every four family tickets We Weekends total fixed costs are $75,000 Requirements 1 Compute the weighted average contribution margin per ticket 2 Calculate the total number of tickets Wet Weekend must sell to break even 3 Calculate the number of individual tickets and the number of family tickets the company must sell to breakeven Individual Family Sales price per ticket Variable cost per ticket $ 30 15 $ 90 60

Question: Using the Wet Weekend Swim Park information presented, do the following tasks. Wet Weekend Swim Park sells individual and family tickets. With a ticket, each

Using the Wet Weekend Swim Park information presented, do the following tasks.

Wet Weekend Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools. Wet Weekend has the following ticket prices and variable costs for 2014:

Wet Weekend expects to sell two individual tickets for every four family tickets. We Weekendâ€™s total fixed costs are $75,000.

Requirements
1. Compute the weighted- average contribution margin per ticket.
2. Calculate the total number of tickets Wet Weekend must sell to break even.
3. Calculate the number of individual tickets and the number of family tickets the company must sell to breakeven.

Individual Family Sales price per ticket Variable cost per ticket $ 30 15 $ 90 60

Step by Step Solution

★★★★★

3.40 Rating (175 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Requirement 1 Individual Family Total Sales price per ... View full answer

Question Has Been Solved by an Expert!

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

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

389-B-M-A-C-V-P (1871).docx

120 KBs Word File

Students Have Also Explored These Related Managerial Accounting Questions!

Wet Weekend Swim Park sells individual and family tickets, which include a meal, three beverages, and unlimited use of the swimming pools. Wet Weekend has the following ticket prices and variable...

Explain how to calculate a weighted average contribution margin per unit.

How is the weighted average contribution margin per unit calculated for companies that sell two or more products?

S21-15 Calculating weighted-average contribution margin Using the Wet Weekend Swim Park information presented, do the following tasks. Requirements 1. Compute the weighted-average contribution margin...

Using the Wild Waters Swim Park information presented, do the following tasks. Requirements 1. Compute the weighted-average contribution margin per ticket. 2. Calculate the total number of tickets...

Using the SoakNFun Swim Park information presented, do the following tasks. SoakNFun Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and...

This Question: 4 pts 30 of 40 This Test: 100 pts possib the conteved) Data Table Yand cost per ant perunt Cobuson Fixed cost per Se price per un er V Choose from any but of enter any number in the...

Wet Weekend Swim Park sells individual and family lickets with a chet each person receives a mo r e beverages, and med use of the swimming pools Wet Weekend has the following licet prices and...

S21-15 WET weekend swim park sells individual and family tickets, with the ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools. WET weekend has the following...

Managerial Accounting please do all requirements Wet Weekend Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, Wet Weekend expects to sell...

How far from the end of the banjo string must a fret be so that the string's fundamental frequency is 330 Hz when you hold it down at the fret? Express your answer with the appropriate units. LM #A...

QUESTION 1 [40 MARKS] (a) Read the following paragraph and fill in the blanks with suitable words from the given list. Digital techniques and systems have the advantage of being relatively much...

Jacko Co . is a U . S - based MNC with net cash inflows of euros and net cash inflows of Singapore dollars. ( Assume ) these fivo currencies are highly negatively comelated in their movements against...

When a project falls seriously behind schedule, the most appropriate response is to: (a) Fire the project manager (b) Make the team work overtime (c) Add more people to the project (d) Revisit the...

Hummingbird Properties bought three lots in a subdivision for a lump-sum price. An independent appraiser valued the lots as follows: Hummingbird Properties paid $210,000 in cash. Record the purchase...

Assume that Rapid Auto Sales paid $75,000 for equipment with a 15-year life and zero expected residual value. After using the equipment for six years, the company determines that the asset will...

On July 31, 2024, Green Oak Support purchased a copy machine for $40,400. Green Oak Support expects the machine to last for four years and have a residual value of $2,000. Compute depreciation...

Daily Enterprises is purchasing a $9,000,000 machine. The machine will depreciated using straight-line depreciation over its 7 year life and will have no salvage value. The machine will generate...

The risk-free rate r F is 4%. The market risk premium (E[r M ]-r F ) is 6%. According to the CAPM, the Expected Return on Stock with the beta of is A 1.10 E[r A ] = #38 % B 0.90 E[r B ] = #39 % In...

Intro You have $190,000. Below are quotes for the Japanese yen from two banks: Bank Bid Ask Alpha Bank $0.00929 $0.00932 Delta Bank $0.00935 $0.0094 Attempt 1/10 for 10 pts. Part 1 How many yen can...