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Compute break-even point. (LO5,6), AP Kare Kars provides shuttle service betweeh four hotels near a medical center and an international airport. Kare Kars uses two

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Compute break-even point. (LO5,6), AP Kare Kars provides shuttle service betweeh four hotels near a medical center and an international airport. Kare Kars uses two 10 passenger vans to offer 12 round trips per day. A recent month's activity in the form of a cost-volume-profit income statement is shown. Fare revenues (1.440 fares) $36.000 Variable costs Fuel S 5,040 Tolls and parking 3,100 Maintenance 860 Contribution margin 27.000 Fixed costs Salaries 12,700 Depreciation 1,300 1.000 15.000 Net income S12.000 9000 Insurance Instructions (a) Calculate the break-even point in (1) dollars and (2) number of fares. (b) Without calculations, determine the contribution margin at the break-even point

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