S$7-1.$ Compute unit contribution margin and contribution margin ratio $($Learning Objective $1)$

Use the information from the FunTime Cruiseline Data Set to compute the following:

What is the contribution margin per passenger?

What is the contribution margin ratio?

Use the unit contribution margin to project operating income if monthly sales total $17,000$ passengers.

Use the contribution margin ratio to project operating income if monthly sales revenue totals $$595,000.$

S$7-2.$ Project change in income $($Learning Objective $1)$

Use the information from the FunTime Cruiseline Data Set. If FunTime Cruiseline sells an additional $700$ tickets, by what amount will its operating income increase $($or operating loss decrease$)?$