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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

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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 round trips per day. A recent month's activity in the form of a cost-volume-profit income statement is shown below Fare revenues (1,340 fares) Variable costs $40,200 $7,236 Fuel Tolls and parking Maintenance 3,618 1.206 12,060 Contribution margin Fixed costs 28,140 Salaries Depreciation Insurance 14,650 1,210 940 16,800 $11,340 Net income Calculate the break-even point in dollars Break-even point Calculate the break-even point in number of fares Break-even point fares Without calculations, determine the contribution margin at the break-even point Contribution margin at the break-even point

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