Use the information from the Fun Time Cruiseline Data Set. If Fun Time Cruiseline sells an additional 700 tickets, by what amount will its operating income increase (or operating loss decrease)?
Fun Time Cruiseline Data Set
FunTime 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 $50 per passenger. FunTime 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 $210,000 per month. The company's relevant range extends to 20,000 monthly passengers.