Anu’s Amusement Center has collected the following data for operations for the year.
Total revenues | $ | 1,792,000 |
Total fixed costs | $ | 571,200 |
Total variable costs | $ | 1,024,000 |
Total tickets sold | 64,000 | |
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 $226,800 in operating profits, she will close it down. What number of tickets must be sold for Anu’s Amusements to make a $226,800 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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