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S7-1 (similar to) Question Help States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for S$80 per passenger. Luxury Cruiseline's variable cost of providing
S7-1 (similar to) Question Help States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for S$80 per passenger. Luxury Cruiseline's variable cost of providing the dinner is $40 per passenger, and the fixed cost of operating the vessels a. What is the contribution margin per passenger? (depreciation, salaries, docking fees, and other expenses) is $240,000 per month. The company's relevant range b. What is the contribution margin ratio? extends to 13,000 monthly passengers. c. Use the unit contribution margin to project operating income if monthly sales total 10,000 passengers. d. Use the contribution margin ratio to project operating income if monthly sales revenue totals 5515,000 a. What is the contribution margin per passenger? First identify the formula, then compute the contribution margin per passenger. Contribution margin per passenger
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