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Ocean Cruiseline offers nightly dinner Cruises departing from several cities on the eastern coast of the United States including Charleston Baltimore, and Alexandria. Dinner Cruise
Ocean Cruiseline offers nightly dinner Cruises departing from several cities on the eastern coast of the United States including Charleston Baltimore, and Alexandria. Dinner Cruise tickets sell for $80 per passenger Ocean 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 $240,000 per month. The company's relevant range extends to 16,000 monthly passengers. a. What is the contribution margin per passenger? First identify the formula, then compute the contribution margin per passenger Contribution margin per passenger = b. What is the contribution margin ratio? (Enter the contribution margin ratio as a whole percent) First identify the formula, then compute the contrbution margin ratio. Contribution margin ratio % c. Use the unit contribution margin to project operating income if monthly sales total 13,000 passengers The operating income is $ d. Use the contribution margin ratio to project operating income monthly sales revenue totals $515,000. The operating income iss Choose from any list or enter any number in the input fields and then continue to the next
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