Windy Waters Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools. Windy Waters has the following ticket prices and variable costs for the year. (Click the icon to view the data.) Requirement 1. Compute the weighted-average contribution margin per ticket. Complete the table below to calculate the weighted-average contribution margin. (Round the weighted-average contribution margin per unit to the nearest cent.) Individual Family Total = Required sales in units Individual Family Windy Waters expects to sell two individual tickets for every three family tickets. Windy Waters' total fixed costs are $52,000. Read the requirements. = Requirement 3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even = Breakeven sales of tickets Contribution margin Weighted-average contribution margin per unit Requirement 2. Calculate the total number of tickets Windy Waters must sell to break even. Start by selecting the formula and entering the amounts to calculate the total number of tickets Windy Waters must sell to break even. (Abbreviations used: Weighted avg. CM = weighted-average contribution margin. Complete all input fields. For items with a zero value, enter "0".) Requirements Data table 1. Compute the weighted-average contribution margin per ticket. 2. Calculate the total number of tickets Windy Waters must sell to break even 3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even. Sale price per ticket Variable cost per ticket Print Individual $ 25 $ 15 Done Print Family 75 60 - X Done Next

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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Windy Waters Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited
use of the swimming pools. Windy Waters has the following ticket prices and variable costs for the year:
(Click the icon to view the data.)
-
Requirement 1. Compute the weighted-average contribution margin per ticket.
Complete the table below to calculate the weighted-average contribution margin. (Round the weighted-average contribution margin per unit to the nearest cent.)
Family
Total
(
+
Individual
Family
Individual
+
Contribution margin
Weighted-average contribution margin per unit
Requirement 2. Calculate the total number of tickets Windy Waters must sell to break even.
Start by selecting the formula and entering the amounts to calculate the total number of tickets Windy Waters must sell to break even. (Abbreviations used: Weighted avg. CM = weighted-average contribution margin. Complete all input fields. For items with a zero value, enter
"0".)
Requirement 3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even.
= Breakeven sales of tickets
X
=
= Required sales in units
=
C
=
Windy Waters expects to sell two individual tickets for every three family tickets. Windy Waters' total fixed costs are $52,000.
Read the requirements.
Requirements
Data table
1. Compute the weighted-average contribution margin per ticket.
2. Calculate the total number of tickets Windy Waters must sell to break even.
3. Calculate the number of individual tickets and the number of family tickets the
company must sell to break even.
Sale price per ticket
Variable cost per ticket
Print
Individual
$
25 $
15
Done
Print
Family
75
60
Done
- X
- X
Next
Transcribed Image Text:Windy Waters Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools. Windy Waters has the following ticket prices and variable costs for the year: (Click the icon to view the data.) - Requirement 1. Compute the weighted-average contribution margin per ticket. Complete the table below to calculate the weighted-average contribution margin. (Round the weighted-average contribution margin per unit to the nearest cent.) Family Total ( + Individual Family Individual + Contribution margin Weighted-average contribution margin per unit Requirement 2. Calculate the total number of tickets Windy Waters must sell to break even. Start by selecting the formula and entering the amounts to calculate the total number of tickets Windy Waters must sell to break even. (Abbreviations used: Weighted avg. CM = weighted-average contribution margin. Complete all input fields. For items with a zero value, enter "0".) Requirement 3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even. = Breakeven sales of tickets X = = Required sales in units = C = Windy Waters expects to sell two individual tickets for every three family tickets. Windy Waters' total fixed costs are $52,000. Read the requirements. Requirements Data table 1. Compute the weighted-average contribution margin per ticket. 2. Calculate the total number of tickets Windy Waters must sell to break even. 3. Calculate the number of individual tickets and the number of family tickets the company must sell to break even. Sale price per ticket Variable cost per ticket Print Individual $ 25 $ 15 Done Print Family 75 60 Done - X - X Next
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