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Concord Kars provides shuttle service between four hotels near a medical center and an international airport. Concord Kars uses two 10-passenger vans to offer 12
Concord Kars provides shuttle service between four hotels near a medical center and an international airport. Concord 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 below. Fare revenues (1,460 fares) $36,500 Variable costs Fuel $4,380 Tolls and parking 2,190 Maintenance 730 7,300 Contribution margin 29,200 Fixed costs Salaries 16,680 Depreciation 1,380 Insurance 1,060 19,120 Net income $10,080 Calculate the break-even point in dollars. Break-even point Calculate the break-even point in number of fares. Break-eve point fares Without calculations, determine the contribution margin at the break-even point. Contribution margin at the break-even point
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