Use the information below to answer the following question(s).
The Burr Mystery Dinner Theatre sells tickets for dinner and a show for $50 each. The cost of providing dinner is $30 per ticket, and the fixed cost of operating the theater is $100,000 per month. The company can accommodate 15,000 patrons each month.
-What is the contribution margin ratio at the Burr Mystery Dinner Theatre?

Question

Quizplus · Accepted Answer

The contribution margin per ticket is $20 ($50 - $30). The contribution margin ratio is $20 / $50 = 0.40 or 40%.

Use the Information Below to Answer the Following Question(s)