Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the del uxe. Information follows: Standard Deluxe $58.00 $66.00 23.10 Rental price per day Variable cost por day 17.40 Biscayne's total fixed cost is $19,651 per month. Required: 1. Determine the contribution margin per rental day and contribution margin ratio for each model that Biscayne's offers. (Rou places.) Standard Deluxe Unit Contribution Margin per Day per Day % % Contribution Margin Ratio 2. Which model would Biscayne's prefer to rent? Deluxe Model O Standard Model 3. Calculate Biscayne's break-even point if the product mix is 50/50. (Do not round intermediate calculations. Round vour Rental Days Break-Even Point 4. Calculate the break-even point if B cayne's product mix changes so that the standard model is rented 75 percent of the sime and the deluxe model is rented for only 25 percent. (Do not round Intermedlate calculations. and your final answer to the nearest whole number.) Fntal Days Break-Even Point 5. Calculate the break even point round Intermediate calculations scayne'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 your final answer to the nearest whole number.) Break-Even Point Rental Days