Question 1, 37-1 (similar to) > HW Score: 3.33%, 0.83 of 25 points E Homework: Chapter7 Pan 3 of 4 @ Points: 0.83 of 1 Ooean Cmiseline offers nightly dinner cruises departing from several cities on the East Coast of the United States Use this information to compute the following: including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $50 per passenger. Ocean Cmiseline's variable cost of providing the dinner is $20 per passenger, and the xed cost of operating the vessels (depreciation, a. What is the CONQbUO" margin per passengei'? salaries, docking fees, and other expenses) is $270,000 per month. The oompany's relevant range extends to 16,000 b- What is the contribution margin ratio? monthly passengers. c. Use the unit contribution margin to project operating income if monthly sales total 13,000 passengers. d. Use the contribution margin ratio to project operating income if monthly sales revenue totals $520,000. a. What is the contribution margin per passenger? First identify the formula, then compute the contribution margin per passenger. Sales price per passenger . Variable cost per passenger = Contribution margin per passenger $ 50 . $ 20 = $ 30 b. What is the contribution margin ratio? (Enter the contribution margin ratio as a whole percent.) First identify the formula, then compute the contribution margin ratio. Contribution margin per passenger + Sales price per passenger = Contribution margin ratio $ 30 + $ 50 = 60 y, c. Use the unit contribution margin to project operating income if monthly sales total 13,000 passengers. The operating income is