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 $ 2,300,000 $ 671,375 $ 1,275,000 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 $164,000 in operating profits, they will close it down. What number of tickets must be sold for Waterman's to make a $164,000 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

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 $ 2,300,000 $ 671,375 $ 1,275,000 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 $164,000 in operating profits, they will close it down. What number of tickets must be sold for Waterman's to make a $164,000 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

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter7: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 42E: Sales Revenue Approach, Variable Cost Ratio, Contribution Margin Ratio Arberg Companys controller...

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