Night Flights is preparing a contribution margin report segmented by route. The following information is available: Line Item Description Miami/LA Atlanta/ New York New York/ Chicago Average ticket price per passenger $1,250 $900 $750 Total passengers served 5,400 8,800 12,400 Total miles flown 190,000 176,000 97,600 The variable costs per unit are as follows: Line Item Description Variable Costs Per Unit Fuel $25 per mile Wages $45 per mile Food/beverage service $7 per passenger Selling $70 per passenger What is the contribution margin ratio for the New York/Chicago route (rounded to one decimal place)

Answer rating: 100% (QA)

To find the contribution margin ratio for the New YorkChicago route we need to calculate the total c... View the full answer