Classy Cruiseline offers nightly dinner cruises off the coast of Miami, San Francisco, and Seattle. Dinner cruise tickets sell for $80 per passenger. Classy Cruiseline's variable cost of providing the dinner is $40 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $360,000 per month. The company's relevant range extends to 14,000 monthly passengers. The breakeven sales are 9,000 tickets sold. a. Compute the operating leverage factor when Classy Cruiseline sells 10,000 dinner cruises b. If volume increases by 8%, by what percentage will operating income increase? c. If volume decreases by 6%, by what percentage will operating income decrease? a. Compute the operating leverage factor when Classy Cruiseline sells 10,000 dinner cruises. First identify the formula, then compute the operating leverage factor. Contribution margin/Operating income = Operating leverage factor 400000/_______ = _______ b. If volume increases by 8%, by what percentage will operating income increase? (Round the percentage to the nearest whole percent.) The percentage that operating income will increase is 48%. c. If volume decreases by 6%, by what percentage will operating income decrease? (Round the percentage to the nearest whole percent.) The percentage that operating income will decrease is 24%