Question: Use the information from the FunTime Cruiseline Data Set. Suppose FunTimeCruiseline decides to offer two types of dinner cruises: regular cruises and executive cruises. The
Use the information from the FunTime Cruiseline Data Set. Suppose FunTimeCruiseline decides to offer two types of dinner cruises: regular cruises and executive cruises. The executive cruise includes complimentary cocktails and a fivecourse dinner on the upper deck. Assume that fixed expenses remain at $ per month and that the following ticket prices and variable expenses apply:Other faBK Regular CruiseExecutive CruiseSales price per ticket$$Variable expense per passenger$$ Assuming that FunTime Cruiseline expects to sell four regular cruises for every executive cruise, compute the weightedaverage contribution margin per unit.Is it higher or lower than a simple average contribution margin? A simpl average is calculated by adding both contribution margins per passenger together and dividing by two. Why? Is it higher or lower than the regular cruise contribution margin calculated in S Why? Will this new sales mix
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