Question: please let me know how to figure out part c and part d. thank you! Apps m mas TOUTUD Maps ACCT202-004 Spring 2020 Homework: Ch7
Apps m mas TOUTUD Maps ACCT202-004 Spring 2020 Homework: Ch7 Score: 0.83 of 2 pts 1 of 10 (1 complete) % S7-1 (similar to) Use this ir Coast Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States including Charleston, Baltimore, and Alexandria, Dinner Cruise tickets sell for $60 per passenger. Coast Cruiseline's variable cost of providing the dinner is $30 per passenger, and the fixed cost of operating the vessels (depreciation, salaries, docking fees, and other expenses) is $270,000 per month. The company's relevant range extends to 14,000 monthly passengers a. What is b. What is c. Use the d. Use the Sales price per passenger . Variable cost per passenger Contribution margin per passenger 60 50% b. What is the contribution margin ratio? (Enter the contribution margin ratio as a whole percent.) First identify the formula, then compute the contribution margin ratio. Contribution margin per passenger Sales price per passenger = Contribution margin ratio 60 c. Use the unit contribution margin to project operating income it monthly sales total 11.000 passengers. The operating income is $ 60,000 d. Use the contribution margin ratio to project operating income ir monthly sales revenue totals $595,000 The operating income is $ 27,500 This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers. All parts showing
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