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. 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%
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