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Current Attempt in Progress Spencer Kars provides shuttle service between four hotels near a medical center and an international airport. Spencer Kars uses two 10-passenger
Current Attempt in Progress Spencer Kars provides shuttle service between four hotels near a medical center and an international airport. Spencer 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. Sales (1,500 passengers) $36,000 Variable costs Fuel $5,040 Tolls and parking 3,100 Maintenance 860 9,000 Contribution margin 27,000 Fixed costs Salaries 15,700 Depreciation 1,300 Insurance 1,000 18,000 Net income $9,000 (b) Your answer is incorrect. Without calculations, determine the contribution margin at the break-even point. Contribution margin at the break-even point $ |
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