Steve's Helicopter Rides takes tourists on helicopter tours of Hawaii.The price of each ticket is $150 and the variable costs average $60 per person.Steve's monthly fixed costs are $58,500.

1.What is Steve's contribution margin per ride?

2.How many tours must the company conduct in a month to break even?

3.Whatsales revenueis needed to produce a net profit of $36,000 per month?

4.What is Steve's contribution margin ratio?

5.If annual sales increase by $100,000, by what amount will operating income increase?

6.If annual sales decrease by $50,000, by what amount will operating income decrease?