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= Homework: .. Question 1, S4-1 (similar ... Part 4 of 6 HW Score: 1.79%, 0.25 of 14 points Points: 0.25 of 1 Save British
= Homework: .. Question 1, S4-1 (similar ... Part 4 of 6 HW Score: 1.79%, 0.25 of 14 points Points: 0.25 of 1 Save British Columbia Cruiseline offers nightly dinner cruises off the coast of Nanaimo and Victoria. Dinner cruise tickets sell for 570 per passenger. British Columbia Cruiseline's variable cost of providing the dinner is $35 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 20,000 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 contribution margin to project operating income if monthly sales total 15,000 passengers. d. Use the contribution margin ratio to project operating income if monthly sales revenue totals $520,000. . a. What is the contribution margin per passenger? First identify the formula, and then compute the contribution margin per passenger Sales price per passenger Variable cost per passenger Contribution margin per passenger 35 70 35 = $ b. What is the contribution margin ratio? (Round your answer to two decimal places.) First identify the formula, and then compute the contribution margin ratio. Contribution margin per passenger Sales price per passenger Contribution margin ratio 340000 35 9714
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