Hello! I need help with this accounting assignment! I just need to fill in the b

Question

Hello! I need help with this accounting assignment! I just need to fill in the blanks. The first line is the equation and underneath should be numbers for the formula

Funday Park competes with Fun World by providing a variety of rides. Funday sells tickets at $85 per person as a one-day enterence fee. Variable costs are $17 per person and fixed costs are $428400 per month.

Requirement 1. Compute the contribution margin per unit and the number of tickets Funday Park must sell to break even. Perform a numerical proof to show that your answer is correct. Begin by selecting the formula labels and then entering the amounts to compute the contribution margin per unit. Contribution margin per unit Begin by selecting the formula labels and then entering the amounts to compute the number of tickets Funday must sell to break even. (Abbrevision used: CM-contribution margin. Complete all answer boxes. For items with a zero value, enter "O".) Breakeven point in units = Perform a numerical proof showing that the breakeven point (number of tickets to break even) that you computed in the preceding step is correct. Begin by selecting the formula and then entering the amounts to compute the target profit to break even. (Complete all answer boxes. For items with a zero value, enter "o".) - Target profit

Explanation / Answer

Answer 1 Selling price per unit - variable cost per unit = Contribution margin per unit $85 - $17 = $68 Fixed cost for the month / Contribution margin per unit = Breakeven point in units $428400 / $68 = 6300 units Sales - Variable cost - Fixed cost = Target Profit (6300*85) - (6300*17) - 428400 = 0 $535500 - $107100 - $428400 = 0 Answer 2 Contribution / Sales = Contribution margin ratio $68 / $85 = 80% Fixed cost / Contribution margin ratio = Required sales in dollars for breakeven $428400 / 80% = $535500

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