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SM5-12 (similar to) Question Help Story Park competes with Splash World by providing a variety of rides. Story sells tickets at $85 per person as a one-day entrance fee. Variable costs are $17 per person, and fixed costs are $428,400 per month. Under these conditions, the breakeven point in tickets is 6,300 and the breakeven point in sales dollars is $535,500. Read the requirements Requirement 1. Suppose Story Park cuts its ticket price from $85 to $68 to increase the number of tickets sold. Compute the new breakeven point in tickets and in sales dollars. Begin by selecting the formula labels and then entering the amounts to compute the number of tickets Story must sell to break even under this scenario. (Abbreviation used: CM = contribution margin. Complete all input fields. For items with a zero value, enter "O".) ( Fixed costs Target profit )= CM per unit Required sales in units Requirements ( + . 1. Suppose Story Park cuts its ticket price from $85 to $68 to increase the number of tickets sold. Compute the new breakeven point in tickets and in sales dollars. 2. Ignore the information in Requirement 1. Instead, assume that Story Park increases the variable cost from $17 to $34 per ticket. Compute the new breakeven point in tickets and in sales dollars. Print Done

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