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Current Attempt in Progress Crane provides shuttle service between four hotels near a medical center and an international airport. Crane uses two 10-passenger vans
Current Attempt in Progress Crane provides shuttle service between four hotels near a medical center and an international airport. Crane 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. Sales (1,330 passengers) $31,920 Variable costs Fuel $4,588 Tolls and parking 2,609 Maintenance 783 7,980 Contribution margin 23,940 Fixed costs Salaries 13,100 Depreciation 1,100 Insurance 704 14,904 Net income $9,036
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