Excel 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 $50 per passenger. Excel Cruiseline's variable cost of providing the dinner is $20 per passenger, and the xed cost of operating the vessels (depreciation. salaries. docking fees, and other expenses) is $2?0,000 per month. Under these conditions, the breakeven point in tickets is 9.000 and the breakeven point in sales dollars is $450,000. Suppose Excel Cruiseline embarks on a cost reduction drive and slashes fixed expenses from $270000 per month to $255,000 per month. Breakeven Fixed expenses + } + I units + U } + : Now compute the breakeven po'nt in sales dollars. Enter the formula, then compute the breakeven point. (Enter the contribution marg'n ratio as a whole percent. For amounts with a 50 balance. make sure to enter "0" in the appropriate input field.) { + Z i : Breakeven sales ( + 0 i :96 E 2. Is the breakeven point higher or lower than under the original conditions? Explain how changes in xed costs generallv affect the breakeven point. The breakeven point is . All else being equal. |:| in fixed costs will decrease the breakeven point while in fixed costs will increase the breakeven point