Question: If Cape Cod Railway's fixed costs total $ 5 5 , 0 0 0 per month, the variable cost per passenger is $ 1 5

If CapeCod Railway's fixed costs total $55,000 per month, the variable cost per passenger is $15,
and tickets sell for $60, what is the contribution margin per unit and contribution margin ratio?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Chapter 6 - Homework i Saved 4 Sandy Bank, Inc., makes one model of wooden canoe. Partial information is given below. 14.28 points Required: 1. Complete the following table. 2. Suppose Sandy Bank...

Q:

Quality Appliances had the following revenue over the past five years: (Click the icon to view the data.) To predict revenues for 2024, Quality Appliances uses the average for the past five years....

Q:

K If Blue Ridge Railway's fixed costs total $45,000 per month, the variable cost per passenger is $20, and tickets sell for $50, what is the contribution margin per unit and contribution margin...

Q:

If Blue Ridge Railway's fixed costs total $40,000 per month, the variable cost per passenger is $30, and tickets sell for $40, what is the contribution margin per unit and contribution margin ratio?...

Q:

If Intervale Railway's fixed costs total $90,000 per month, the variable cost per passenger is $45, and tickets sell for $75, what is the contribution margin per unit and contribution margin ratio?...

Q:

If Stromboli Railway's fixed costs total $90,000 per month, the variable cost per passenger is 545, and tickets sell for $75, what is the contribution margin per unit and contribution margin ratio?...

Q:

If Adirondack Railway's fixed costs total $40,000 per month, the variable cost per passenger is $30, and tickets sell for $40, what is the contribution margin per unit and contribution margin ratio?...

Q:

3. If Intervale Railways fixed costs total $90,000 per month, the variable cost per passenger is $45, and tickets sell for $75, what is the contribution margin per unit and contribution margin ratio?...

Q:

If Bive Ridge Railway's fixed costs total $45,000 per month, the variable cost per passenger is $20, and tickets sell for $50, what is the contribution margin per unit and contribution margin ratio?...

Q:

If Intervale Railways fixed costs total $90,000 per month, the variable cost per passenger is $45, and tickets sell for $75, what is the contribution margin per unit and contribution margin ratio? a....

Q:

Blue Spruce Corp. has income from continuing operations of $234,900 for the year ended December 31, 2022. It also has the following items (before considering income taxes). 1. An unrealized loss of...

Q:

Go to Amazon.coms affiliate site. How does affiliate marketing at Amazon.com work? How do Amazon.com business partners get paid? Who can sign up for this service?

Q:

Jane Paschal, age 4 5 . has contributed $ 1 , 0 0 0 each year to a Roth IRA, beginning with an initial payment of $ 5 0 0 on December 3 1 st five years ago. She wants to know when the soonest she...

Q:

15 identical Christmas tree bulbs are connected in series. When the lights are plugged into a 120 V power source, the current through each is 0.8 A. Calculate the resistance of each bulb.