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Cullumber provides shuttle service between four hotels near a medical center and an international airport. Cullumber uses two 10 passenger vans to offer 12 round

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Cullumber provides shuttle service between four 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 shown below. $41,700 $5,604 3,864 957 Sales (1,390 passengers) Variable costs Fuel Tolls and parking Maintenance Contribution margin Fixed costs Salaries Depreciation Insurance Net income 10,425 31.275 12,800 1,600 900 15,300 $15.975 Cullumber provides shuttle service between four 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 shown below. $41,700 $5,604 3,864 957 Sales (1,390 passengers) Variable costs Fuel Tolls and parking Maintenance Contribution margin Fixed costs Salaries Depreciation Insurance Net income 10,425 31.275 12,800 1,600 900 15,300 $15.975

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