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 $42.00 $50.00 12.60 16.00 Biscayne's total fixed cost is $14,025 per month Required: 1. Determine the contribution margin per rental day and contribution margin ratio for each model that Biscayne's offers. (Round you Deluxe Standard per Day per Day Unit Contribution Margin Contribution Margin Ratio 2. Which model would Biscayne's prefer to rent? Deluxe Model Standard Model 3. Calculate Biscayne's break-even point if the product mix is 50/50. (Do not round intermediate calculations. Round your final an Break Even Point Rental Days 4. Calculate the break-even point 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 calculations. Round your final answer to the nearest whole number.) Break Even Point Rental Days 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. (Dor calculations. Round your final answer to the nearest whole number.) Break Even Point Rental Days