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Homework Answers
Weighted average contribution Margin = (4*Contribution Margin per regular ticket + 1*Contribution margin per executive ticket)/5
= (4*20 + 1*60)/5
= $28
Simple Average contribution margin = (20+60)/2
= $40
Weighted average contribution Margin is lower because more tickets are sold of regular cruise than executive cruise
It is higher than the regular cruise contribution margin because if has some component of higher contribution margin product
Break even point would decrease since contribution margin per unit has increased.
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Coast Cruiseline expects to sell four regular cruises for every one executive cruise. In this mix, the weighted average contribution margin per cruise is $42. Suppose Coast Cruiseline decides to offer two types of dinner cruises: regular cruises and executive cruises. The executive cruise includes complimentary cocktails and a five-course dinner on the upper deck. Assume that fixed expenses remain at $210,000 per month and that the following ticket prices and variable expenses apply: B (Click the icon to view...
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Managerial Accounting
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