Question 2 Cost Volume Profit Analysis 24 points. Thrills Amusement Park provides a variety of...
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Question 2 Cost Volume Profit Analysis 24 points. Thrills Amusement Park provides a variety of attractions. Thrills sells tickets at $60 per person as a one-day entrance fee. Variable costs are $38 per person, and fixed costs are $165,000 per month. 1) What is the contribution margin? 2) What is the contribution margin ratio? 3) Calculate the breakeven point in tickets 4) Calculate the breakeven sales in dollars 5) If the company expects to sell 8500 tickets, what would be the margin of safety in dollars? 6) How much sales will be required to meet a target profit of $104,000? ) Assume that the company reduces variable cost per unit from $38 to $35 per unit, Compute the new breakeven point in tickets and in sales dollars. 1) What is the contribution margin? 2) What is the contribution margin ratio? 3) Calculate the breakeven point in tickets 4) Calculate the breakeven sales in dollars 5) Company expects to sell 8500 tickets, MOS in dollars? Sales required to meet a target profit of $104,000? 7) If VCU is $35 per unit, New BEP in units 8) If VCU is $35 per unit, New BEP in dollars Question 3 Cost of goods manufactured (show all workings)
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