S20-16 (similar to) Question Help SoakNFun Swim Park sells individual and family

Question

S20-16 (similar to) Question Help SoakNFun Swim Park sells individual and family tickets. With a ticket, cach person receives a meal, three beverages, SoakNFun expects to sell one individual ticket for every four family tickets. SoakNFun's total fixed costs are $94,500 and unlimited use of the swimming pools. SoakNFun has the following ticket prices and variable costs for 2018 Read the requirements EEE (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 contribution margin per unit to the nearest cent.) Individual Family Total Data Table Individual Family Sale price per ticket 30 $ 90 Contribution margin Variable cost per ticket 15 60 Weighted-aver age contribution margin per unit Print Done Choose from any list or enter any number in the input fields and then click Check Answer. Clear All Check Answer remaining

Explanation / Answer

Individual Family Total Sales price per unit $30 $90 - Variable cost per unit $15 $60 Contribution margin per unit $15 $30 x Sales mix in units 1 4 5 Contribution margin $15 $120 $135 Weighted ­average contribution margin per unit $27

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