What is the average selling price for a ticket

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Reference no: EM131729396

Anu's Amusement Center has collected the following data for operations for the year:

Total revenues $ 1,769,000
Total fixed costs $ 601,900
Total variable costs $ 976,000
Total tickets sold   61,000

Required:

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 $223,600 in operating profits, she will close it down. What number of tickets must be sold for Anu's Amusements to make a $223,600 operating profit for the year on ticket sales? (Do not round intermediate calculations.)

Reference no: EM131729396

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