Question

Anu’s Amusement Center has collected the following data for operations for the year. Total revenues $...

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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