Anu's Amusement Center has collected the following data for operations for the year. Total revenues $ 1,914,000 Total fixed costs 500,500 Total variable costs 1,188,000 Total tickets sold 66,000 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? (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 $253,000 in operating profits, she will close it down. What number of tickets must be sold for Anu's Amusements to make a $253,000 operating profit f
Anu's Amusement Center has collected the following data for operations for the year.
Total revenues $ 1,914,000
Total fixed costs 500,500
Total variable costs 1,188,000
Total tickets sold 66,000
Required:
a. What is the average selling price for a ticket?
b. What is the
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 $253,000 in operating profits, she will close it down. What number of tickets must be sold for Anu's Amusements to make a $253,000 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 _________
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