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Funday Park competes with Cool World by providing a variety of rides. Funday Park sells tickets at $70 per person as a one-day entrance fee. Variable costs are $42 per person, and fixed costs are $170,800 per month. Compute the contribution margin per unit and the number of tickets Funday Park must sell to break even. Perform a numerical proof to show that your answer is correct. Begin by selecting the formula labels and then entering the amounts to compute the contribution margin per unit. Contribution margin per unit Begin by selecting the formula labels and then entering the amounts to compute the number of tickets Funday must sell to break even. (Abbrevision used: CM = contribution margin. Complete all input fields. For items with a zero value, enter "0".) = Required sales in units )+ )+ Perform a numerical proof that the number of tickets to breakeven you computed in the preceding step is correct. Begin by selecting the formula and then entering the amounts to compute the target profit to breakeven. (Complete all input fields. For items with a zero value, enter "0".) Target profit

Funday Park competes with Cool World by providing a variety of rides. Funday Park sells tickets at $70 per person as a one-day entrance fee. Variable costs are $42 per person, and fixed costs are $170,800 per month. Compute the contribution margin per unit and the number of tickets Funday Park must sell to break even. Perform a numerical proof to show that your answer is correct. Begin by selecting the formula labels and then entering the amounts to compute the contribution margin per unit. Contribution margin per unit Begin by selecting the formula labels and then entering the amounts to compute the number of tickets Funday must sell to break even. (Abbrevision used: CM = contribution margin. Complete all input fields. For items with a zero value, enter "0".) = Required sales in units )+ )+ Perform a numerical proof that the number of tickets to breakeven you computed in the preceding step is correct. Begin by selecting the formula and then entering the amounts to compute the target profit to breakeven. (Complete all input fields. For items with a zero value, enter "0".) Target profit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Funday Park competes with Cool World by providing a variety of rides. Funday Park sells tickets at $70 per person as a one-day entrance fee. Variable costs are $42 per person, and fixed costs are $170,800 per month. Compute the contribution margin per unit and the number of tickets Funday Park must sell to break even. Perform a numerical proof to show that your answer is correct. Begin by selecting the formula labels and then entering the amounts to compute the contribution margin per unit. Contribution margin per unit Begin by selecting the formula labels and then entering the amounts to compute the number of tickets Funday must sell to break even. (Abbrevision used: CM = contribution margin. Complete all input fields. For items with a zero value, enter "0".) Required sales in units + = C Perform a numerical proof that the number of tickets to breakeven you computed in the preceding step is correct. Begin by selecting the formula and then entering the amounts to compute the target profit to breakeven. (Complete all input fields. For items with a zero value, enter "0".) Target profit =
Transcribed Image Text:Funday Park competes with Cool World by providing a variety of rides. Funday Park sells tickets at $70 per person as a one-day entrance fee. Variable costs are $42 per person, and fixed costs are $170,800 per month. Compute the contribution margin per unit and the number of tickets Funday Park must sell to break even. Perform a numerical proof to show that your answer is correct. Begin by selecting the formula labels and then entering the amounts to compute the contribution margin per unit. Contribution margin per unit Begin by selecting the formula labels and then entering the amounts to compute the number of tickets Funday must sell to break even. (Abbrevision used: CM = contribution margin. Complete all input fields. For items with a zero value, enter "0".) Required sales in units + = C Perform a numerical proof that the number of tickets to breakeven you computed in the preceding step is correct. Begin by selecting the formula and then entering the amounts to compute the target profit to breakeven. (Complete all input fields. For items with a zero value, enter "0".) Target profit =
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