Biscayne's Rent-A-Ride rents two models of automobiles the standard and the deluxe Information follows Standard Deluxe $66.00 $75.00 26.40 31.50 Rental price per day Variable cost per day Biscayne's total fixed cost is $24,200 per month Required: 1. Determine the contribution margin 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 Biscayne's break-even point if the product mix is 50/50 4. 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. 5. 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 Complete this question by entering your answers in the tabs below. Required 1 Required 21 Required 3 Required 4 Required 5 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) Unit Contribution Margin Contribution Margin Ratio Standard per Day Deluxe per Day Chapter 6 Homework 10 points eBook B Hint Print References Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows Rental price per day Variable cost per day Standard Deluxe $66.00 $75.00 26.40 Biscayne's total fixed cost is $24,200 per month Required: 1. Determine the contribution margin 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 Biscayne's break-even point if the product mix is 50/50. 4. 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. 5. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required S Calculate Biscayne's break even point if the product mix is 50/50. (Do not found intermediate calculations. Round your final answer to the nearest whole number.) Break Even Point Saved Rental Days < Required 2 Required 4 > Chapter 6 Homework 10 1 points eBook Hint Print References Biscayne's Rent-A-Ride rents two models of automobiles the standard and the deluxe. Information follows: Standard Deluxe $66.00 $75.00 26.40 31.50 Rental price per day Variable cost per day Biscayne's total fixed cost is $24,200 per month Required: 1. Determine the contribution margin 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 Biscayne's break-even point if the product mix is 50/50. 4. 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. 5. 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. Complete this question by entering your answers in the tabs below. Saved Required 1 Required 2 Required 3 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 Required 4 Rental Days < Required 3 Required 5 Required 5 > Chapter 6 Homework 10 points ellook Hint Print References Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows Rental price per day Variable cost per day Standard Deluxe $60.00 $75.00 26.40 31.50 Biscayne's total fixed cost is $24,200 per month Required: 1. Determine the contribution margin 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 Biscayne's break-even point if the product mix is 50/50 4. 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. 5. 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 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 < Required 4