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Royal Hellenic Cruiseline offers nightly dinner cruises off the coast of Nanaimo and Victoria. Dinner cruise tickets sell for $ 6 0 $ 6 0
Royal Hellenic Cruiseline offers nightly dinner cruises off the coast of Nanaimo and Victoria. Dinner cruise tickets sell for $ $ per passenger. Royal HellenicRoyal Hellenic Cruiselines variable cost of providing the dinner is $ $ per passenger, and the fixed cost of operating the vesselsdepreciation salaries, docking fees, and other expenses is $ comma $ per month. The company's relevant range extends to comma monthly passengers.
Compute the number of dinner cruise tickets it must sell to break even.
a Use the income statement equation approach.
b Use the shortcut unit contribution margin approach; perform a numerical proof to ensure that your answer is correct.
c Use your answers froma andb to determine the sales revenue needed to break even.
d Use the shortcut contribution margin ratio approach to verify the sales revenue needed to break even.
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