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 $70.00 387.00 25.20 34.80 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 of 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 res Complete this question by entering your answers in the tabs below. Required 1 Required 2 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 Unt Contration Margin Contribution Margin Rabo Standard per Day Deluxe Der Day Required 2 > 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 $70.00 $87.00 25.20 34.80 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 of 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 aces Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Required 4 Required 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) Brok Even Point Rental Days 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 $70.00 $87.00 25.20 34.80 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 of 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 ir 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 ces Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Required 4 Required 5 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 found intermediate calculations. Round your final answer to the nearest whole number) Bronk Even Pont Rental Days 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 $70.00 $87.00 25.20 34.89 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 and the deluxe model is rented for only 25 percent. 5. Calculate the break-even pointi 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 Bences Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Required 4 Required 5 Calculate the break even point of 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 found intermediate calculations. Round your final answer to the nearest whole number) Break Even Pont Rental Days
