Mountain Express has fixed costs of $60,000 per month, variable costs of $25 per passenger, and tickets sell for $50. What is the contribution margin per unit and contribution margin ratio? a. $25 per passenger, 50% b. $25 per passenger, 75% c. $50 per passenger, 50% d. $50 per passenger, 75%

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Mountain Express has fixed costs of $60,000 per month, variable costs of $25 per passenger,
and tickets sell for $50. What is the contribution margin per unit and contribution margin
ratio?
a. $25 per passenger, 50%
b. $25 per passenger, 75%
c. $50 per passenger, 50%
d. $50 per passenger, 75%
Transcribed Image Text:Mountain Express has fixed costs of $60,000 per month, variable costs of $25 per passenger, and tickets sell for $50. What is the contribution margin per unit and contribution margin ratio? a. $25 per passenger, 50% b. $25 per passenger, 75% c. $50 per passenger, 50% d. $50 per passenger, 75%
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