Homework Answers
| Answer =A) | |||||
| Average Selling price = Total Revenue / Total Ticket Sold | |||||
| Average Selling price = $ 1,980,000 / 66000 = | $ 30.0 | Per Ticket | |||
| Answer =B) | |||||
| Average Variable Cost = Total Variable cost / Total Ticket Sold | |||||
| Average Variable Cost = $ 1,056,000 / 66,000 = | $ 16.0 | Per Ticket | |||
| Answer = C) | |||||
| Average Conribution margin Per Ticket = Average Selling price per ticket - Average Variable cost per ticket | |||||
| Average Conribution margin Per Ticket = $ 30 - $ $ 16 | |||||
| Average Conribution margin Per Ticket = | $ 14.0 | Per Ticket | |||
| Answer = D) | |||||
| Break Even point = Fixed Cost / Contribution Margin Per Unit | |||||
| Break Even point = | |||||
| Fixed Cost = | $ 6,87,400 | ||||
| Divide By | "/" By | ||||
| Avg . Contribution Margin Per Ticket = | $ 14 | ||||
| Break Even point = | 49100 | Tickets | |||
| Answer = 49,100 Tickets | |||||
| Answer = E ) | |||||
| Target Profit = ( Fixed Cost + target Income ) / Contribution Margin per Ticket | |||||
| Target Profit = | |||||
| Fixed Cost = | $ 6,87,400 | ||||
| Add: | "+ " | ||||
| Target Income = | $ 2,71,600 | ||||
| Equal to = | $ 9,59,000 | ||||
| Divide By | "/"By | ||||
| Contribution marrgin Per Ticket | $ 14 | ||||
| Equal to =Total Units | 68,500 | Units | |||
| Answer = 68,500 Tickets | |||||
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Anu's Amusement Center has collected the following data for operations for the year Total revenues Total...
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
$
1,943,000
Total fixed costs
$
594,100
Total variable costs
$
1,072,000
Total tickets sold
67,000
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...
Anu's Amusement Center has collected the following data for operations for the year. Total revenues Total...
Anu's Amusement Center has collected the following data for operations for the year. Total revenues Total fixed costs Total variable costs Total tickets sold $ 2,040,000 $ 686,000 $ 1,088,000 68,000 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...
Anu's Amusement Center has collected the following data for operations for the year. Total revenues Total...
Anu's Amusement Center has collected the following data for operations for the year. Total revenues Total fixed costs Total variable costs Total tickets sold $1,932,000 $ 541,200 $1,104,000 69,000 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...
Exercise 3-25 Basic Decision Analysis Using CVP (LO 3-1) Anu’s Amusement Center has collected the following...
Exercise 3-25 Basic Decision Analysis Using CVP (LO 3-1) Anu’s Amusement Center has collected the following data for operations for the year: Total revenues $ 2,244,000 Total fixed costs $ 777,600 Total variable costs $ 1,156,000 Total tickets sold 68,000 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?...
Volume (LO 3-1 3-26. Basic Decision Analysis Using CVP Anu's Amusement Center has collected the following...
Volume (LO 3-1 3-26. Basic Decision Analysis Using CVP Anu's Amusement Center has collected the following data for operations for the year. S Total revenues ......... Total fixed costs .. Total variable costs ....... Total tickets sold........ $2,400,000 .. $ 656,250 $1,350,000 75,000 110 Part II Cost Analysis and Estimation 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? d....
D&R Corp. has annual revenues of $284,000, an average contribution margin ratio of 34%, and fixed...
D&R Corp. has annual revenues of $284,000, an average contribution margin ratio of 34%, and fixed expenses of $113,200. Required: a. Management is considering adding a new product to the company's product line. The new item will have $8.3 of variable costs per unit. Calculate the selling price that will be required if this product is not to affect the average contribution margin ratio. b. If the new product adds an additional $31100 to D&R's fixed expenses, how many units...
Data from the case and Exhibits has been entered into the boxes below. To facilitate your...
Data from the case and Exhibits has been entered into the boxes below. To facilitate your calculations and analysis, reorganize the data into information related to assumptions related to ticket receipts, variable costs, step costs and fixed costs. Hidden costs (for Case Analysis Q4 are already identified. Hint: use column C to classify the items as Reciepts), Variable), Step) or Fixed). Save your work. Use Data Sort to reorganize the information. Be sure to capture the label, classifciation, #, and...
часот отр For 2019, SoakNFun expects a sales mix of two individual tickets for every three...
часот отр For 2019, SoakNFun expects a sales mix of two individual tickets for every three family tickets. SoakNFun's total fixed costs are $19,250. SoakNFun Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools. SoakNFun has the following ticket prices and variable costs for 2018: B (Click the icon to view the data.) Read the requirements. A Data Table 1 Requirements Individual $ 35 $...
Tyrene Products manufactures recreational equipment. One of the company's products, a skateboard, sells for $37. The sk...
Tyrene Products manufactures recreational equipment. One of the company's products, a skateboard, sells for $37. The skateboards are manufactured in an antiquated plant that relies heavily on direct labour workers. Thus, variable costs are high, totalling $25.90 per skateboard, of which 70% is direct labour cost. Over the past year the company sold 43,000 skateboards, with the following operating results: Sales (43,000 skateboards) Variable expenses $1,591,000 1,113,700 Contribution margin Fixed expenses 477,300 277,500 Net operating income $ 199,800 Management is...
1.) Both total revenues (TR) and total costs (TC) are likely to be affected by changes...
1.) Both total revenues (TR) and total costs (TC) are likely to be affected by changes in the output. True or False 2.) Profit is the unit contribution margin multiplied by the number of units minus the fixed component of the total costs (TC). True or False 3.) The average selling price is $.60 per unit, the average variable cost is $.36 per unit, and the total fixed costs are $1,500. If operating profits of $900 are desired, what is...
Anu’s Amusement Center has collected the following data for
operations for the year.
Total revenues
$
1,943,000
Total fixed costs
$
594,100
Total variable costs
$
1,072,000
Total tickets sold
67,000
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...
Anu's Amusement Center has collected the following data for operations for the year. Total revenues Total fixed costs Total variable costs Total tickets sold $ 2,040,000 $ 686,000 $ 1,088,000 68,000 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...
Anu's Amusement Center has collected the following data for operations for the year. Total revenues Total fixed costs Total variable costs Total tickets sold $1,932,000 $ 541,200 $1,104,000 69,000 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...
Volume (LO 3-1 3-26. Basic Decision Analysis Using CVP Anu's Amusement Center has collected the following data for operations for the year. S Total revenues ......... Total fixed costs .. Total variable costs ....... Total tickets sold........ $2,400,000 .. $ 656,250 $1,350,000 75,000 110 Part II Cost Analysis and Estimation 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? d....
D&R Corp. has annual revenues of $284,000, an average contribution margin ratio of 34%, and fixed expenses of $113,200. Required: a. Management is considering adding a new product to the company's product line. The new item will have $8.3 of variable costs per unit. Calculate the selling price that will be required if this product is not to affect the average contribution margin ratio. b. If the new product adds an additional $31100 to D&R's fixed expenses, how many units...
Data from the case and Exhibits has been entered into the boxes below. To facilitate your calculations and analysis, reorganize the data into information related to assumptions related to ticket receipts, variable costs, step costs and fixed costs. Hidden costs (for Case Analysis Q4 are already identified. Hint: use column C to classify the items as Reciepts), Variable), Step) or Fixed). Save your work. Use Data Sort to reorganize the information. Be sure to capture the label, classifciation, #, and...
часот отр For 2019, SoakNFun expects a sales mix of two individual tickets for every three family tickets. SoakNFun's total fixed costs are $19,250. SoakNFun Swim Park sells individual and family tickets. With a ticket, each person receives a meal, three beverages, and unlimited use of the swimming pools. SoakNFun has the following ticket prices and variable costs for 2018: B (Click the icon to view the data.) Read the requirements. A Data Table 1 Requirements Individual $ 35 $...
Tyrene Products manufactures recreational equipment. One of the company's products, a skateboard, sells for $37. The skateboards are manufactured in an antiquated plant that relies heavily on direct labour workers. Thus, variable costs are high, totalling $25.90 per skateboard, of which 70% is direct labour cost. Over the past year the company sold 43,000 skateboards, with the following operating results: Sales (43,000 skateboards) Variable expenses $1,591,000 1,113,700 Contribution margin Fixed expenses 477,300 277,500 Net operating income $ 199,800 Management is...
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