Sonic Flights is preparing a contribution margin report segmented by route. The following information is available:...

Question

Question

Sonic 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	$1,200	$800	$700
Total passengers served	6,400	10,800	11,300
Total miles flown	150,000	105,000	80,000

The variable costs per unit are as follows:

What is the contribution margin ratio for the Miami/LA route?

business accounting

Answer 1

Answer #1

Answer 2

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