Question: Night Flights is preparing a contribution margin report segmented by route. The following information is available: Atiantal/New York/ Average ticket price per passenger Total passengers

 Night Flights is preparing a contribution margin report segmented by route.

Night Flights is preparing a contribution margin report segmented by route. The following information is available: Atiantal/New York/ Average ticket price per passenger Total passengers served Total miles flown Miam/LA New York Chicago $750 8,800?12,200 190,000 176.00097,600 $1,250 $900 5,400 The variable costs per unit are as follows: Fuel Wages Food/beverage service Selling $25 per mile $45 per milke $7 per passenger $70 per passenger What is the contribution margin ratio for the New York/Chicago route (to the closest tenth of a percent)? O a. 25.3% b, 56.8% ??. 80.4% d. 15.1%

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!