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% 520-11 (similar to) Question Help Playtime Park competes with Water World by providing a variety of rides. Playtime sells tickets at $70 per person as a one-day entrance fee. Variable costs are $42 per person, and fixed costs are $170,800 per month. Compute Playtime Park's contribution margin ratio. Carry your computation to two decimal places. Use the contribution margin ratio approach to determine the sales revenue Playtime Park needs to break even. Begin by selecting the formula labels and then enter the amounts to compute the contribution margin ratio. (Enter you answer to the nearest percent, X%.) Contribution margin per unit Net sales revenue per unit Contribution margin ratio % + Enter any number in the edit fields and then click Check Answer. 2 parts remaining Clear All Check Answer \x S20-13 (similar to) Question Help Funtime Park competes with Splash World by providing a variety of rides. Funtime Park sells tickets at $125 per person as a one-day entrance fee. Variable costs are $75 per person, and fixed costs are $325,000 per month. Under these conditions the breakeven point in tickets is 6,500 and in sales dollars is $812,500. Suppose Funtime Park increases fixed costs from $325,000 per month to $389,800 per month. 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 Funtime must sell to break even if its fixed costs are increased to $389,800. (Abbreviation used: CM = contribution margin. Complete all answer boxes. For items with a zero value, enter "0".) ( Fixed costs Target profit )= CM per unit = Required sales in units ( + + Enter any number in the edit fields and then click Check Answer. ? 2 parts remaining Clear All Check

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