Homework: Chapter 7 Homework Save Score: 0 of 2 pts 1 of 6 (0 complete) HW Score: 0%, 0 of 20 pts Question Hop 0 S7-1 (similar to) Luxury Cruiseline 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. Luxury Cruiseline's variable cost of providing the dinner is $40 per passenger, and the fixed cost of operating the vessels (depreciation salaries, docking fees, and other expenses) is $240,000 per month. The company's relevant range extends to 16,000 monthly passengers Use this information to compute the following: a. What is the contribution margin per passenger? b. What is the contribution margin ratio? c. Use the unit contributori margin to project operating income ir monthly sales tatal 13,000 passengers d. Use the contributk margin rulia to project operating income if monthly sales revenue lotals S515,000 a. What is the contribution margin per passenger? First identify the formula, then compute the contribution margin per passenger Fixed cost per passenger Sales price per passenger = Contribution margin per passenger d