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Crystal Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Use this information
Crystal Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Use this information to compute the following Alexandria, Dinner Cruise tickets sell for $50 per passenger Crystal Crueline's variable cost of providing the dinner as 520 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 19,000 monthly. What is the contribution margin per passenger? passengers b. What is the contribution margin ratio? c. Use the unit contribution margin to project operating income monthly sales tatal 16,000 passengers. d. Use the contribution margin ratio to project operating income of monthly sales revenue total $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 50 20 30 b. What is the contribution margin ratio? (Enter the contribution margin rate as a whole percent First identify the formula, then compute the contribution margin ratio Contribution margin per passenger Sales price per passenger Contribution margin ratio 30 50 60 % c. Use the unit contribution margin to project operating income monthly sales total 16.000 passengers The operating income is $ d. Use the contribution margin ratio to project operating income if monthly sales revenue totals S490 000 The operating income is s
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