Biscaynes Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows: (Review Photo)
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.
Biscayne's 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 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 ar 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 ar the deluxe model is rented for 75 percent. Complete this question by entering your answers in the tabs below. 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.) Biscayne's 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 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 an 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 an the deluxe model is rented for 75 percent. Complete this question by entering your answers in the tabs below. Which model would Biscayne's prefer to rent? Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows: Biscayne's 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 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 an 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 ar the deluxe model is rented for 75 percent. Complete this question by entering your answers in the tabs below. 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.) Biscayne's 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 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 at 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 a the deluxe model is rented for 75 percent. Complete this question by entering your answers in the tabs below. 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.) Biscayne's 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 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 an 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 a the deluxe model is rented for 75 percent. Complete this question by entering your answers in the tabs below. 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.)
