Use the information from the Luxury Cruiseline Data Set. If Luxury Cruiseline sells 10,000 dinner cruises, compute the margin of safety
a. in units (dinner cruise tickets).
b. in sales dollars.
c. as a percentage of sales.
Luxury Cruiseline offers nightly dinner cruises off the coast of Miami, San Francisco, and Seattle. Dinner cruise tickets sell for $120 per passenger. Luxury Cruiseline's variable cost of providing the dinner is $48 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $270,000 per month. The company's relevant range extends to 15,000 monthly passengers.