Mountain Express Bus Company has fixed costs of $75,000 per month. The variable cost per passenger is $45, and tickets sell for $60. What is the contribution margin per unit and contribution margin ratio? a. $15 per passenger, 25% b. $45 per passenger, 75% c. $15 per passenger, 75% d. $15 per passenger, 20%

Mountain Express Bus Company has fixed costs of $75,000 per month. The variable cost per passenger is $45, and tickets sell for $60. What is the contribution margin per unit and contribution margin ratio? a. $15 per passenger, 25% b. $45 per passenger, 75% c. $15 per passenger, 75% d. $15 per passenger, 20%

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 6MC: If a company has fixed costs of $6.000 per month and their product that sells for $200 has a...

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