es Exercise 19-18 (Static) Analyzing a special offer for a service company LO P3 Empire Airlines reports the following cost data for the year. The company flew 100 private flights during the year. A group has offered Empire $11,000 for a private flight to Chicago for its members. Revenue Wages, salaries, and benefits Fuel and oil Food and beverages Depreciation Rent $ 20,000 per flight $7,000 per flight $4,500 per flight $ 500 per flight $ 300,000 per year $ 250,000 per year (a) 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.) (b) Should the offer be accepted or rejected? Complete this question by entering your answers in the tabs below. Required A Required B

Exercise 1918 (Static) Analyzing a special offer for a service company LO P3 Empire Alrlines reports the following cost data for the year. The company flew 100 private flights during the year. A group has offered Empire $11,000 for a private flight to Chicago for its members. (a) 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.) (b) Should the ofler be accepted or rejected? Complete this question by entering your answers in the tabs below