Live It Cruiseline offers nightly dinner cruises departing from several cities on Use this information to compute the following: the eastern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $80 per passenger. Live It Cruiseline's a. What is the contribution margin per passenger? variable cost of providing the dinner is $40 per passenger, and the fixed cost b. What is the contribution margin ratio? of operating the vessels (depreciation, salaries, docking fees, and other c. Use the unit contribution margin to project operating income if monthly sales expenses) is $360,000 per month. The company's relevant range extends to total 11,000 passengers. 14,000 monthly passengers. d. Use the contribution margin ratio to project operating income if monthly sales revenue totals $775,000. a. What is the contribution margin per passenger? First identify the formula, then compute the contribution margin per passenger. (1) (2) Contribution margin per passenger b. What is the contribution margin ratio? (Enter the contribution margin ratio as a whole percent.) First identify the formula, then compute the contribution margin ratio. (3) (4) II Contribution margin ratio % c. Use the unit contribution margin to project operating income if monthly sales total 11,000 passengers. The operating income is $ d. Use the contribution margin ratio to project operating income if monthly sales revenue totals $775,000 The operating income is $ (1) O O Fixed cost per passenger Sales price per passenger Variable cost per passenger Fixed cost per passenger Sales price per passenger O Variable cost per passenger O Variable cost per passenger (3) O Contribution margin per passenger Fixed cost per passenger Sales price per passenger (4) Variable cost per passenger Contribution margin per passenger Fixed cost per passenger Sales price per passenger