Empire Airlines reports the following cost data for the year. The company flew 100 private flights...

 

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Empire Airlines reports the following cost data for the year. The company flew 100 private flights during the year. A group has offered Empire $11,300 for a private flight to Chicago for its members. Revenue Wages, salaries, and benefits Fuel and oil Food and beverages Depreciation Rent $ 20,300 per flight $ 7,300 per flight $ 4,800 per flight $ 560 per flight $315,000 per year $ 265,000 per year (a) What is the contribution margin from accepting the offer? (b) Should the offer be accepted or rejected? Complete this question by entering your answers in the tabs below. Required A Required B What is the contribution margin from accepting the offer? (Note: A negative contribution margin should be entered as a negative number and will appear in parentheses.) Variable costs EMPIRE AIRLINES Contribution Margin Empire Airlines reports the following cost data for the year. The company flew 100 private flights during the year. A group has offered Empire $11,300 for a private flight to Chicago for its members. Revenue Wages, salaries, and benefits Fuel and oil Food and beverages Depreciation Rent $ 20,300 per flight $ 7,300 per flight $ 4,800 per flight $ 560 per flight $315,000 per year $ 265,000 per year (a) What is the contribution margin from accepting the offer? (b) Should the offer be accepted or rejected? Complete this question by entering your answers in the tabs below. Required A Required B What is the contribution margin from accepting the offer? (Note: A negative contribution margin should be entered as a negative number and will appear in parentheses.) Variable costs EMPIRE AIRLINES Contribution Margin