Business, 26.07.2020 01:01 thatkiddrew4063

Classy Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Alexandria. Dinner cruise tickets sell for $ 80 per passenger. Classy Cruiseline's variable cost of providing the dinner is $ 40 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $ 360 comma 000 per month. The company's relevant range extends to 16 comma 000 monthly passengers. Use this information to compute the following: a. What is the contribution margin per passenger? b. What is the contribution margin ratio? c. Use the unit contribution margin to project operating income if monthly sales total 13 comma 000 passengers. d. Use the contribution margin ratio to project operating income if monthly sales revenue totals $ 775 comma 000.

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