Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Excel Cruseline offers nightly dinner Cruises departing from several cities on the eastern coast of the United States including Charleston Baltimore, and Alexandria Dinner Cruise

image text in transcribed
Excel Cruseline offers nightly dinner Cruises departing from several cities on the eastern coast of the United States including Charleston Baltimore, and Alexandria Dinner Cruise tickets sell for $80 per passenger. Excel Cruiseline's variable cost of providing the dinner is $40 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking foes, and other expenses) is $240,000 per month The company's relevant range extends to 15,000 monthly passengers Compute the number of dinner cruise tickets Excel Cruseline must sell to breakeven and the sales dollars needed to breakeven. Compute the number of dinner cruise tickets Excel Cruseline must sell to breakeven Use the shortcut unit contribution margin approach First, identify the formula, then compute the breakeven sales in units (Complete all input fields For amounts with a 50 balance, make sure to enter "U" in the appropriate input fold) Broakoven units Compute the sales dollars nooded to breakeven. Use the shortcut unit contribution margin ratio approach First Identity the formula, then compute the breakeven sales in dollars (Complete all input fields. For amounts with a 50 balance, make sure to enter in the appropriate input field Enter the contribution margin ratio is a whole percent) Breakeven sales

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing SAP S 4HANA

Authors: Steve Biskie

1st Edition

1493222643, 978-1493222643

More Books

Students also viewed these Accounting questions

Question

Differentiate. f(x) = xe x csc x

Answered: 1 week ago