Live It Cruiseline offers nightly dinner cruises departing Use this information to compute the following: from several cities on the East Coast of the United States including Charleston, Baltimore, and Alexandria. Dinner a. What is the contribution margin per cruise tickets sell for $50 per passenger. Live It passenger? Cruiseline's variable cost of providing the dinner is $20 per b. What is the contribution margin ratio? passenger, and the fixed cost of operating the vessels c. Use the unit contribution margin to project (depreciation, salaries, docking fees, and other expenses) operating income if monthly sales total 12,000 is $210,000 per month. The company's relevant range passengers. extends to 15,000 monthly passengers. d. Use the contribution margin ratio to project onerating income if monthly sales revenue . . : a. What is the contribution margin per passenger? First identify the formula, then compute the contribution margin per passenger. Sales price per passenger Variable cost per passenger = Contribution margin per passenger 50 20 = 30 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. Fixed cost per passenger Contribution margin per passenger = Contribution margin ratio %