Luxury Cruiseline offers nightly dinner cruises off the coast of Nanaimo and Victoria. Dinner cruise tickets sell for $80 per passenger. Luxury Cruiseline's variable cost of providing the dinner is $40 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $200,000 per month. The company's relevant range extends to 15,000 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 12,000 passengers. d. Use the contribution margin ratio to project operating income if monthly sales revenue totals $540,000. a. What is the contribution margin per passenger? First identify the formula, and 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, and then compute the contribution margin ratio. = Contribution margin ratio c. Use the unit contribution margin to project operating income if monthly sales total 12,000 passengers. The operating income is $ 7. 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 ratio c. Use the unit contribution margin to project operating income if monthly sales total 12,000 passengers. The operating income is $0 d. Use the contribution margin ratio to project operating income if monthly sales revenue totals $540,000. (Round your answer to the nearest whole dollar.) The operating income is 5 |