Waterman's WaterWorld Tourist Park has collected the following data for operations for the year:$ 2,000,000$ 546,875Total revenuesTotal fixed costsTotal variable costsTotal tickets sold$ 1,125,00050,000Required:a. What is the average selling price for a ticket?b. What is the average variable cost per ticket?Note: Round your final answer to 2 decimal places.c. What is the average contribution margin per ticket?Note: Do not round intermediate calculations. Round your final answer to 2 decimal places.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 $140,000 in operating profits, they will close itdown. What number of tickets must be sold for Waterman's to make a $140,000 operating profit for the year on ticket sales?Note: Do not round intermediate calculations.a. Average selling priceb. Average variable costc. Average contribution margind. Break-even pointe. Number of ticketsper ticketper ticketper ticketticketstickets

MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is one of the Important Cost…

Answered: Waterman's WaterWorld Tourist Park has…

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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Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income Claimjumper $ 120,000 44,200 $ 75,800 Makeover $ 60,000 9,800 $ 50,200 Required: 1. What is the overall contribution margin (CM) ratio for the company? Total $ 180,000 54,000 126,000 82,320 $ 43,680 2. What is the company's overall break-even point in dollar sales? 3. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products.
A company has a linear total cost function and has determined that over the next three months it can produce12,000 units at a total cost of $224; 000. This same manufacturer can produce 18,000 units at a total cost of$296; 000. The selling price per unit is $13.25.i. Determine the revenue, cost and prot functions using q for number of units.ii. What is the xed cost ?iii. What is the marginal cost ?iv. Find the break-even quantity.v. What is the break-even dollar volume of sale ?vi. What will prot be if the company shuts down operation?vii. If, because of a strike, the company will be able to produce only 10,000 units, should it shut down for the nextthree months ? why or why not ?
Philippine Island Tours has incurred the following bus maintenance costs during the recent tourist season. Answer the following: Using the high-low method, determine which month is the highest? Using the high-low method, determine which month is the lowest? Using the high-low method, determine the variable cost per tour mile traveled. (Use this format 0..123) Using the high-low method, determine fixed cost per month (Use this format 10,000) Using the high-low method Develop a formula to express the cost behavior exhibited by the company’s maintenance cost. (Use this format Y=2a+10) Using the high-low method, predict the level of maintenance cost that would be incurring during the month of May when 34,000 tour miles are driven. (Use this format 10,000)
Feather Friends, Incorporated, distributes a high-quality wooden birdhouse that sells for $40 per unit. Variable expenses are $20.00 per unit, and fixed expenses total $200,000 per year. Its operating results for last year were as follows: Sales Variable expenses Contribution margin Fixed expenses Net operating income $ 1,000,000 500,000 500,000 200,000 $ 300,000 Required: Answer each question independently based on the original data: 1. What is the product's CM ratio?
Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement for a recent month for the two games appears below: Sales Variable expenses Contribution margin Fixed expenses Net operating income Claimjumper $ 106,000 26,440 $ 79,560 Makeover $ 53,000 5,360 $ 47,640 Total $ 159,000 31,800 127,200 94,080 $ 33,120 Required: 1. What is the overall contribution margin (CM) ratio for the company? 2. What is the company's overall break-even point in dollar sales? 3. Prepare a contribution format income statement at the company's break-even point that shows the appropriate levels of sales for the two products.
Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2021: Sales quantity Unit selling price Unit variable costs Fixed costs (a) 2,200 barrels $75 per barrel $45 per barrel $18,480 What is the contribution margin ratio? Contribution margin ratio %
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Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $80; Variable costs per unit includes: Direct material $16, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual fixed costs $96,000. What is the contribution margin percentage? Finisk a. 47.5% O b. 52.5% O c. 70% ype here to search & 7. V 3 5. 8. W. R Y. G H. V M alt ctri alt 立

Cape Cod Cotton Candy Company had the following information available regarding last year's operation: Sales (100 units) Php200,000.00 Variable Cost 100,000.00 Contribution Php100,000.00 Fixed Costs. 50,000.00 Net Income Php 50,000.00 If sales were to increase by 200 units, what would be the effect on Net Income?
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Recent monthly costs of providing on-board flight service incurred by Great Plains Airlines are shown in the following table: Month Number of passengers Cost of On-Board Flight Service January 16,000 17,000 February 16,500 18,000 March 18,000 20,000 April 14,000 18,000 Required: a) Use the high-low method to estimate the variable cost per passenger and the fixed cost per month. Show your calculations.
Please help me with show all calculation thanku

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