Classy Cruiseline offers nightly dinner cruises Use this information to compute the following: departing from several cities on the East Coast of the United States including Charleston, Baltimore, and a. What is the contribution margin per Passenger? Alexandria. Dinner cruise tickets sell for $80 per [3- What is the contribution margin ratio? passenger. Classy Cruiseline's variable cost of c. Use the unit contribution margin to project providing the dinner is $40 per passenger, and the operating income if monthly sales total 14.000 fixed cost of operating the vessels (depreciation, passengers. salaries, docking fees, and other expenses) is d- Use the contribution margin ratio to project $350,000 per month. The company's relevant range operating income if monthly sales revenue totals extends to 17,000 monthly passengers. $775,000- a. What is the contribution margin per passenger? First identify the formula, then compute the contribution margin per passenger. : - = Contribution margin per passenger b. What is the contribution margin ratio? (Enter the contribution margin ratio as a whole percent.) First identify the formula, then compute the contribution margin ratio. + = Contribution margin ratio c. Use the unit contribution margin to project operating income if monthly sales total 14,000 passengers. The operating income is :l . d. Use the contribution margin ratio to project operating income if monthly sales revenue totals $775,000. The operating income is :l . Live It 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 $80 per passenger. Live It Cruiseline's variable cost of providing the dinner is $40 per passenger, and the xed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $360,000 per month. The company's relevant range extends to 20,000 monthly passengers. It Live It Cruiseline sells an additional 600 tickets, by what amount will its operating income increase (or operating loss decrease)? First, identify the formula, then compute the operating income increase (or operating loss decrease). : = Operating