Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Live It Cruiseline offers nightlyr dinner cruises departing from several cities on the East Coast ofthe United States including Charleston, Baltimore. and Alexandria. Dinner cruise
Live It Cruiseline offers nightlyr dinner cruises departing from several cities on the East Coast ofthe United States including Charleston, Baltimore. and Alexandria. Dinner cruise tickets sell for $80 per passenger. Live It Cruiseline's variable cost of providing the dinner is $40 per passenger. and the xed cost of operating the vessels (depreciation. salaries. docking fees, and other expenses) is $240,000 per month. The company's relevant range extends to 11,000 monthlyr passengers. Compute the number of dinner cruise tickets Live It Cruiseline must sell to breakeven and the sales dollars needed to breakeven. Compute the number of dinner cruise tickets Live It Cruiseline 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 "0" in the appropriate input field.) (:I + a = Breakeven units ( |+ ll+ =
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started