Classy Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $50 per passenger. Classy Cruiseline's variable cost of providing the dinner is $20 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $210,000 per month. The company's relevant range extends to 18,000 monthly passengers. Use this information to compute the following: a. What is the contribution margin per passenger? b. What is the contribution margin ratio? c. Use the unit contribution margin to project operating income if monthly sales total 15,000 passengers. d. Use the contribution margin ratio to project operating income if monthly sales revenue totals $490,000. a. What is the contribution margin per passenger? First identify the formula, then compute the contribution margin per passenger. Sales price per passenger Variable cost per passenger Contribution margin per passenger Part 1 of 9 O Points: 0 of 1 Ten Toes produces sports socks. The company has fixed expenses of $110,000 and variable expenses of $1.10 per package. Each package sells for $2.20 Read the requirements. Requirement 1. Compute the contribution margin per package and the contribution margin ratio. Begin by identifying the formula to compute the contribution margin per package. Then compute the contribution margin per package. (Enter the amount to the nearest cent.) Contribution margin per unit Requirements 1. Compute the contribution margin per package and the contribution margin ratio. 2. Find the breakeven point in units and in dollars. 3. Find the number of packages Ten Toes needs to sell to earn a $27,500 operating income. Print Done DeLoria Industries is planning on purchasing a new piece of equipment that will increase the quality of its production. It hopes the increased quality will generate more sales. The company's contribution margin ratio is 20%, and its current breakeven point is $400,000 in sales revenue. If the company's fixed expenses increase by $45,000 due to the equipment, what will its new breakeven point be (in sales revenue)? If Deloria Industries' fixed expenses increase by $45,000 due to the equipment, what will its new breakeven point be (in sales revenue)? Begin by identifying the general formula to compute the breakeven sales in dollars. Breakeven sales in dollars Terry Medical Sugely star of home medicament Last year, Tony's sales 4400000 To 300,000 out Requirement. What Terry's cores coering Beginning huma to compute the operating income Operating Requirements 1. What Tony's 2. What Terry's con mar 4 Terry's margaring wheberto 1000 The images rected anal se ideo Ge Print Done ST 4 % xs 5 29 7 +10 8 61 9 W E R T Y U - 10 Clear all Check answer E P 1 S D F G H J K L X C V B N M 26 mmand A. command option 9 dala return shift Samuels Repar Shop has a monthly target operating income of $36000. Variable expenses are 50% of sales and monthly fed experses are $10.500 in The contribution margin ralo 100%-Variable expenses percentage of Read the mount Requirement 1. Compute the monthly margin of safety in dollars if the shop che come Begin by identifying the formula to compute the margin of safety Get r Requirements 1. Compute the only margin at say in the shop Income goo 2. Express Sam margin of safety as a percentage of target sales. 3. What Samus operating leverage factor at the age of 4. Assume that the company maches its target. By what percentage wil the company's rating income f 14 855 %6 xS 5 Print Dona & 6 7 MN 8 9 E R T Y U 1 D F G H J K L C V B N M V- Clear all Check answer P command V { delete ? option