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Uve it Cruiseline offers nightly dinner cruises departing from soveral cites on the East Coast of Use this information to compute the following: the United
Uve it Cruiseline offers nightly dinner cruises departing from soveral cites on the East Coast of Use this information to compute the following: the United States including Charleston, Balimore, and Alexandria. Dinner criise lickets sell for $50 per passenger. Live it Cruiseline's variable cost of providing the dinner is $20 per passenger, a. What is the contribution margin por passenger? and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other b. What is the contribution margin ratio? expenses) is $270,000 per month. The company's relevant range extends to 17,000 monthly c. Use the unit contrbution margin to project operating income if monthly salios total passengers 14,000 passengers. d. Use the contribution margin ratio to project operating income if monthly soles revenue totals $520.000 a. What is the contribusion margin per passenger? First identif the formula, then compute the contribution margin per passenger. b. What is the contrbution margin ratio? (Enter the contribution margin ratio as a whoie percent) First identily the formula, then compute the conbibution margin ratio ]=Contnbutionmargnratia c. Use the unit conthbution margin to project cperating income if monthly saves total 14,000 passengers. The operating income is d. Use the contribution margin ratio to project operating income if monthly salss revenue totals $520,000. The opersting income is
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