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

	Standard			Deluxe
Rental price per day	$	70.00		$	82.00
Variable cost per day		19.60			24.60

Biscaynes total fixed cost is $33,294 per month.

Required:

1. Determine the contribution margin per rental day and contribution margin ratio for each model that Biscaynes offers.

2. Which model would Biscaynes prefer to rent?

3. Calculate Biscaynes break-even point if the product mix is 50/50.

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

Determine the contribution margin per rental day and contribution margin ratio for each model that Biscayne's offers. (Round your "Unit Contribution Margin" answers to 2 decimal places.) Standard Deluxe per Day Unit Contribution Margin Contribution Margin Ratio per Day % % Required 1 Required 2 Required 3 Required 4 Required 5 Which model would Biscayne's prefer to rent? ODeluxe Model Standard Model Calculate Biscayne's break-even point if the product mix is 50/50. (Do not round intermediate calculations. Round your final answer to the nearest whole number.) Break-Even Point Rental Days 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. (Do not round intermediate calculations. Round your final answer to the nearest whole number.) Break-Even Point Rental Days 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. (Do not round intermediate calculations. Round your final answer to the nearest whole number.) Break-Even Point Rental Days