Homework Answers
A) Average Selling Price = Revenue / Units = 2,040,000/ 68,000 = $30 Per Ticket
B) Average Variable cst = Variable cost / Units =1,088,00/68,000 = $16 Per Ticket
C) Average Contribution Margin = Selling price- Variable cost = 30-16 = $14 PerTicket
D) Break Even Point = Fixed cost / Contribution MArgin =686,000 / 14 = 49,000 tickets
e) Number of Tickets = (686,000+301,000) /14 = 70,500 Ticktes
Add Answer to:
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...
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 $1,980,000 $ 687,400 $1,056,000 66,000 Required: a. What is the average selling price for a ticket? Average selling price per ticket b. What is the average variable cost per ticket? Average variable cost per ticket c. What is the average contribution margin per ticket? (Do not round intermediate calculations.) Average contribution margin per ticket d. What...
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 $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 Total fixed costs Total variable costs Total tickets sold $1,980,000 $ 687,400 $1,056,000 66,000 Required: a. What is the average selling price for a ticket? Average selling price per ticket b. What is the average variable cost per ticket? Average variable cost per ticket c. What is the average contribution margin per ticket? (Do not round intermediate calculations.) Average contribution margin per ticket d. What...
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 $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...
Most questions answered within 3 hours.
-
The length of a pencil is measured to be 10.00 cm with a ruler.
What is...
asked 7 minutes ago -
A 120 cm^3 box contains helium at a pressure of 1.80 atm and a
temperature of...
asked 13 minutes ago -
Given that Kb for the weak base analine is 3.8 X
10-10, which of the following...
asked 15 minutes ago -
A uniform, solid sphere of radius 4.50 cm and mass 4.50 kg
starts with a purely...
asked 12 minutes ago -
A sniper fires a rifle bullet into a gasoline tank, making a
hole 51.0 m below...
asked 15 minutes ago -
The US Census Bureau gathered data regarding yearly gas sales
for residents of different states. Wyoming...
asked 35 minutes ago -
A person in a casino decides to play blackjack until he loses a
game, but he...
asked 39 minutes ago -
mode field diameter (MFD) is an important parameter in
characterizing single mode fibre properties which takes...
asked 30 minutes ago -
Question 4: What is the significance of those strange
“36.79%” and “63.21%” numbers the procedure? That...
asked 35 minutes ago -
Rules of implementation!:
You may NOT modify any of the files except Expression.java in
ANY way....
asked 37 minutes ago -
Arbitration of disputes under the purview of "lemon laws" under
state statute is:
not required by...
asked 51 minutes ago -
Describe three pieces of evidence that mitochondria and evolved
from symbiotic mutualisms between a eukaryote (or...
asked 58 minutes ago