Luxury Cruiseline offers nightly dinner cruises off the coast of Nanaimo and Victoria. Dinner Cruise tickets sell for $60 per passenger Luxury Cruiseline's variable cost of providing the dinner is $30 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 contribution margin to project operating income if monthly sales total 11.000 passengers d. Use the contribution margin ratio to project operating income if monthly sales revenue totals $500,000 a. What is the contribution margin per passenger? First identily the formula, then compute the contribution margin per passenger = Contribution margin per passenger b. What is the contribution margin ratio? (Round your answer to two decimal places.) First identify the formula, then compute the contribution margin ratio = Contribution margin ratio Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Type here to search o es dx 3 ENG 9:05 PM 2020-08-06 Luxury Cruiseline offers nightly dinner cruises off the coast of Nanaimo and Victoria Dinner cruise tickets sell for 560 per passenger. Luxury Cruiseline's variable cost of providing the dinner is $30 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 contribution margin to project operating income if monthly sales total 11,000 passengers d. Use the contribution margin ratio to project operating income if monthly sales revenue totals $500,000 a. What is the contribution margin per passenger? First identify the formula, then compute the contribution margin per passenger Contribution margin per passenger Fixed cost per passenger b. Sales price per passenger Fit Variable cost per passenger tio? (Round your answer to two decimal places.) ite the contribution margin ratio Contribution margin ratio Choose from any list or enter any number in the input fields and then continue to the next question Save for Eater ENG e ! SOS PM 2020-06-05 O Type here to search project operating income if monthly sales revenue totals $500,000 b. What is the contribution margin ratio? (Round your answer to two decimal places.) First identify the formula, then compute the contribution margin ratio. = 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 $500,000 (Round your answer to the nearest whole dollar.) The operating income is 5 Choose from any list or enter any number in the input fields and then continue to the next question Save for Later Type here to search o RI e sg b. What is the contribution margin ratio? (Round your answer to two decimal places.) First identify the formula, then compute the contribution margin ratio. Contribution margin ratio Contribution margin per passenger Choose from any list or enter any number in 1 Fixed cost per passenger Sales price per passenger Save for Later Variable cost per passenger e next question Type here to search o ji