MidCoast Airlines provides charter airplane services. In October, when the company is operating at 60% of its capacity, it receives a bid from the local college. The college is organizing a trip for a student group. The college budgeted only $64,000 for round-trip airfare. MidCoast Airlines normally charges between $84,000 and $94,000 for such service. MidCoast determines its total cost for the round-trip flight to Washington to be $82,400, which consists of the following. Variable cost Fixed cost Total cost $ 45,400 37,000 $ 82,400 Although the manager at MidCoast supports the college's educational efforts, she is struggling to justify accepting only $64,000. (a) What is the contribution margin from accepting the offer? (b) Should the airline accept the $64,000 offer from the college? Complete this question by entering your answers in the tabs below. Required A Required B What is the contribution margin from accepting the offer? Revenue from trip Variable costs of trip Contribution margin Required A Required B > MidCoast Airlines provides charter airplane services. In October, when the company is operating at 60% of its capacity, it receives a bid from the local college. The college is organizing a trip for a student group. The college budgeted only $64,000 for round-trip airfare. MidCoast Airlines normally charges between $84,000 and $94,000 for such service. MidCoast determines its total cost for the round-trip flight to Washington to be $82,400, which consists of the following. Variable cost Fixed cost Total cost $ 45,400 37,000 $ 82,400 Although the manager at MidCoast supports the college's educational efforts, she is struggling to justify accepting only $64,000. (a) What is the contribution margin from accepting the offer? (b) Should the airline accept the $64,000 offer from the college? Complete this question by entering your answers in the tabs below. Required A Required B Should the airline accept the $64,000 offer from the college? Should the airline accept the $64,000 offer from the college? accept < Required A Required B>