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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
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
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