Biscayne's Rent A Ride rents two models of automobiles the standard and the deluxe Information follows: antal orice per day Valable cost per day Standard Deluxe $42:03 $50.00 12. 18.00 Biscayne's total fixed cost is $14025 per month Required: 1. Determine the contribution morgen per rental day and contribution margin ratio for each model that Biscayne's offers. 2. Which model would Biscayne's prefer to rent? 3. Calculate Buscayne's break even point if the product mix is 50/50 4. Calculate the book even point of 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 5. Calculate the breakeven pomtif Biscayne's product mix chonges so that the standard model is rented 25 percent of the time and the delive model to conted for 75 percent Complete this question by entering your answers in the tabs below. Required Required Required) Required Required 5 Determine the contribution margin per rental day and contribution margin ratio for each model that Biscayne's offers. (Round yout Contribution Marginaw to deal pics) Unt Contin Margin Contribution in Ratio Standard pol Deluxe Der Day Required 2