Empire Airlines reports the following cost data for the year. The company flew 100 private flights during the year. A group has offered Empire \(\$ 11,000\) for a private flight to Chicago for its members. 

(a) What is the contribution margin from accepting the offer? 

(b) Should the offer be accepted or rejected?

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Revenue.... Wages, salaries, and benefits...... Fuel and oil...... $20,000 per flight $7,000 per flight $4,500 per flight Food and beverages.... Depreciation.. Rent...... ****** $500 per flight $300,000 per year $250,000 per year