Question
Cullumber provides shuttle service between 4 hotels near a medical center and an international airport. Cullumber uses two 10- passenger vans to offer 12
Cullumber provides shuttle service between 4 hotels near a medical center and an international airport. Cullumber 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 as follows. Sales (1,370 passengers) $34,250 Variable costs Fuel $3,836 Tolls and parking 2,359 Maintenance 655 6,850 Contribution margin 27,400 Fixed costs Salaries 12,300 Depreciation (straight-line) 1,100 Insurance 1,000 14,400 Net income $13,000 Without calculations, determine the contribution margin at the break-even point. Contribution margin at the break-even point $ 19500
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Managerial Accounting Tools for business decision making
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6th Edition
978-0470477144, 1118096894, 9781118214657, 470477148, 111821465X, 978-1118096895
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