18-11

Exercise 18-11 Spencer Kars provides shuttle service between four hotels near a medical center and an international airport. Spencer Kars uses two 10-passenger vans to offer 12 round trips per day, A recent month's activity in the form of a cost-volume-profit income statement is shown below Fare revenues (1,500 fares) Variable costs s 36,000 Fucl S,040 3,100 860 Tolls and parking 9,000 Contribution margin Foxed costs 27,000 Salaries Depreciation Insurance 15,700 1,300 1,000 18,000 Net income s9,000 Your anawer is incorrect. Try again Calculate the break-even point in dollars Break-even point LINK TO TEXT Your answer is incorrect. Try again. Calculate the break-even point in number of fares. (Round answer to 0 decimal places, o-g. 5,275.) Break-even point o fares LINK TO TEXT VIDEO: APPLIED SKTLLS Your answer is incorrect. Try again. Without calculetions, determine the contribution margin at the break-even point Contribution margin at the brcak-even point Click if you would like to Show Work for this