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Biscaynes Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows Rental prioe per day Variable cost per day Deluxe $60.00 $68.00

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Biscaynes Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows Rental prioe per day Variable cost per day Deluxe $60.00 $68.00 24.00 30.60 Biscayne's total fixed oost is $20,454 per month Required: 1.Determine the contrbuton margin per rental day and contribution margin ratio for each model thet Biscayme's offers (Round your "Unit Contribution Margin answers to 2 decimal places.) Ueit Contribution Margin Contribution Margin Ratio per Day per Day 2. Which model would Biscayne's prefer to rent? Delaxe Model Standard Mode 3. Calculate Biscayne's breakeven point the pe duct mix is 50 0 Do not round intermediate calculations. Round your final answer to the nearest whole number. Rental Days 4. Celculate the break -even poin if Biscayne's product mx 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.) Rental Days S. Catculete the brenkoven poim scnes productm hanges so thet he sendord model is rentee 25pcent of the timtane intermediate calculations. Round your final answer to the nearest whole number the deluse model is rented for 75 percent. (Do not round

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