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Please answer all parts thank you! FunTime Cruiseline offers nightly dinner cruises departing Use this information to compute the following: from several cities on the
Please answer all parts thank you!
FunTime Cruiseline offers nightly dinner cruises departing Use this information to compute the following: from several cities on the eastern coast of the United States including Charleston, Baltimore, and Alexandria. a. What is the contribution margin per passenger? Dinner cruise tickets sell for $50 per passenger. FunTime b. What is the contribution margin ratio? Cruiseline's variable cost of providing the dinner is $30 per c. Use the unit contribution margin to project passenger, and the fixed cost of operating the vessels operating income if monthly sales total 17,000 (depreciation, salaries, docking fees, and other expenses) passengers. is $210,000 per month. The company's relevant range d. Use the contribution margin ratio to project extends to 20,000 monthly passengers. operating income if monthly sales revenue totals $595,000. a. What is the contribution margin per passenger? First identify the formula, then compute the contribution margin per passengerStep by Step Solution
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