Live it Cruise line offers nightly dinner cruises off the coast of Miami, San Francisco,...
80.2K
Verified Solution
Question
Accounting
Live it Cruise line offers nightly dinner cruises off the coast of Miami, San Francisco, and Seattle. Dinner cruise tickets sell for $50per passenger. Live It Cruise line's variable cost of providing the dinner is
$20 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 17,000 monthly passengers. Compute the number of dinner cruise tickets Live It Cruise line must sell to break even and the sales dollars needed to break even. Compute the number of dinner cruise tickets Live It
Cruise line must sell to break even. Use the shortcut unit contribution margin approach.
First, identify the formula, then compute the breakeven sales in units.
(Complete all answer boxes. For amounts with a $0 balance, make sure to enter0" in the appropriate cell.)
( |
| + |
| ) | / |
| = | Breakeven units |
|
( |
| + |
| ) | / |
| = |
|
Compute the sales dollars needed to break even. Use the shortcut unit contribution margin ratio approach.
First, identify the formula, then compute the breakeven sales in dollars.
(Complete all answer boxes. For amounts with a $0 balance, make sure to enter "0" in the appropriate cell. Enter the contribution margin ratio as a whole percent.)
( |
| + |
| ) | / |
| = | Breakeven sales |
| |
( |
| + |
| ) | / |
| % | = |
|
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.