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Coast Cruiseline offers nightly dinner cruises departing from several cities on the East Coast of the United States Use this information to compute the following:
Coast 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 cruise tickets sell for $50 per passenger. Coast Cruiseline's variable cost of providing the dinner is $20 per passenger, and the fixed cost of operating the vessels (depreciation, a. What is the contribution margin per passenger? salaries, docking fees, and other expenses) is $210,000 per month. The company's relevant range extends to b. What is the contribution margin ratio? 14,000 monthly passengers. c. Use the unit contribution margin to project operating income if monthly sales total 11,000 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
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