Short Exercises Fun Time Cruiseline Data Set used for S7-1 through S7-10: Fun Time Cruiseline offers nightly dinner cruises departing from several citie ern coast of the United States including Charleston, Baltimore, and Alexandria. Die east cruise tickets sell for $50 per passenger. FunTime Cruiseline's variable cost e dinner is $30 per passenger, and the fixed cost of operating the vessels (d of p rovidin depreciation salaries, docking fees, and other expenses) is $210,000 per month. The company's relion evant range extends to 20,000 monthly passengers. S7-1 Compute unit contribution margin and contribution margin ratio Learning Objective 1) Use the information from the FunTime Cruiseline Data Set to compute the following a. What is the contribution margin per passenger? b. What is the contribution margin ratio? c. 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 rev. enue totals $595,000 d