biscayne's rent-a-car rents two models of automobiles:
Biscayne's Rent-A-Ride rent two models of automobiles the standard and the dels information follows: undan 140.00 $46.00 Randy wracolper day Biscayne's total fed cost is $13.120 per month Required 1. Determine the contribution margin per rental day and contribution margin ratio for each model that Biscayne's offers. Round your "Unit Contribution Margie Standard Unit Contribution Margins 25.00 per Days 27.0 per Day Contribution Margint 2. Which model would Biscayne's prefer to on? D 3. Calculate scayne's b e en put the product is 50/50 Do not round intermed Break Even Point Rent Day n de d to content rounded Ic standard model is reeds perce ebreaken care produto che 3. Calculate Biscayne's break-even point if the product ma is 50/50. (Do not round inform Break Even Point Rental Days luxe model is rented for only 25 percent. Do not round Intermediate 4. Calculate the break-even point Biscayne's product mix changes so that the standard model calculations. Round your final answer to the nearest whole number) Break Even Point Rental Days and the use model is rented for 75 percent o not found intermediate 5. Calculate the break even point Biscayne's product mix changes so that the standard model is rented 25 percento calculations, Round your final answer to the nearest whole number) Rental Days Hints References Hint 170 points Match the definitions with the most appropriate term from the list provided. Terms may be used once more than once or not at all Description Buffer one that identifies how much sales can drop before the business fers a loss An investment in technology that increases total fund costs while reducing the variable cost per unit Total Food Costs Target Profit Contribution Margin Ratio How a company uses variable costs versus xed costs to perform its operations The proportion of units sold from each product or service line When two profit equations yield the same profit Actual or budgeted sales hus break even sales Total faced costs plus target profit Contribuson Margin Net Opening Income Total Fired Costs + Twget Prott Unit Contribution Margin