Compute weighted-average contribution margin (Learning Objective 4)

Use the information from the Bay Cruiseline Data Set. Suppose Bay Cruiseline decides to offer two types of dinner cruises: regular cruises and executive cruises. The executive cruise includes complimentary cocktails and a five-course dinner on the upper deck. Assume that fixed expenses remain at \(\$ 275,000\) per month and that the following ticket prices and variable expenses apply:

Sales price per ticket... Regular Cruise Executive Cruise $60 $120 40 Variable expense per passenger 20