\begin{tabular}{l|l} FunTime Cruiseline offers nightly dinner cruises departing & Use this information to compute the following: \\ from several cities on the East Coast of the United States & a. What is the contribution margin per passenger? \\ including Charleston, Baltimore, and Alexandria. Dinner & b. What is the contribution margin ratio? \\ cruise tickets sell for $50 per passenger. FunTime & c. Use the unit contribution margin to project \\ Cruiseline's variable cost of providing the dinner is $30 & operating income if monthly sales total 17,000 \\ per passenger, and the fixed cost of operating the \\ vessels (depreciation, salaries, docking fees, and & passengers. \\ other expenses) is $210,000 per month. The company's & d. Use the contribution margin ratio to project \\ relevant range extends to 20,000 monthly passengers. & $595,000. \\ & \end{tabular} a. What is the contribution margin per passenger? First identify the formula, then compute the contribution margin per passenger. \begin{tabular}{l|l} FunTime Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United States & Use this information to compute the following: \\ including Charleston, Baltimore, and Alexandria. Dinner & a. What is the contribution margin per passenger? \\ cruise tickets sell for $50 per passenger. FunTime & b. What is the contribution margin ratio? \\ Cruiseline's variable cost of providing the dinner is $30 & c. Use the unit contribution margin to project \\ per passenger, and the fixed cost of operating the & operating income if monthly sales total 17,000 \\ vessels (depreciation, salaries, docking fees, and & d. Use the contribution margin ratio to project \\ other expenses) is $210,000 per month. The company's & operating income if monthly sales revenue totals \\ relevant range extends to 20,000 monthly passengers. & $595,000. \end{tabular} a. What is the contribution margin per passenger? First identify the formula, then compute the contribution margin per passenger