Biscayne$$s Rent$-$A$-$Ride rents two models of automobiles: the standard and the deluxe. Information follows:

Standard Deluxe

Rental price per day $ $32\mathrm{.}00$ $ $40\mathrm{.}00$

Variable cost per day $12\mathrm{.}8016\mathrm{.}80$

Biscayne$$s total fixed cost is $$10,440$ per month.

Required:

Determine the contribution margin per rental day and contribution margin ratio for each model that Biscayne$$s offers.

Which model would Biscayne$$s prefer to rent?

Calculate Biscayne$$s break$-$even point if the product mix is $50/50.$

Calculate the break$-$even point if Biscayne$$s product mix changes so that the standard model is rented $75$ percent of the time and the deluxe model is rented for only $25$ percent.

Calculate the break$-$even point if Biscayne$$s product mix changes so that the standard model is rented $25$ percent of the time and the deluxe model is rented for $75$ percent.