Night Flights is preparing a contribution margin report segmented by route. The following information is available: Miami/LA Atlanta / New York New York / Chicago Average ticket price per passenger $1,250 $900 $750 Total passengers served 5,400 8,800 12,200 Total miles flown 190,000 176,000 97,600 The variable costs per unit are as follows: Fuel $25 per mile Wages $45 per mile Food/beverage service $7 per passenger Selling $70 per passenger What is the contribution margin ratio for the New York/Chicago route (to the closest tenth of a percent) ?
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Home » Business » Night Flights is preparing a contribution margin report segmented by route. The following information is available: Miami/LA Atlanta / New York New York / Chicago Average ticket price per passenger $1,250 $900 $750 Total passengers served 5,400