E Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows: imzl: pi .3, \"NW; ' H ' I n- Stlndord D01\"!- 055 Rental price pit day $ 30.00 $ 38.00 points Variable cost per day 10.50 15.20 Blscayne's total fixed cost is $18,500 per month. a Required: 9800!: 1. Determine the contribution margin per rental day and contribution margin ratio for each model that Blscayne's offers. @ 2. Which model would Biscayne's prefer to rent? HI,\" 3. Calculate Biscayne's break-even point [1' the product mix is 50/50. 4. Calculate the break-even point I! Biscayne's product mix changes so that the standard model ls rented 75 percent of the time and - the deluxe model ls rented for only 25 percent. '5 5. Calculate the break-even point if Blscayne's product mix changes so that the standard model is rented 25 percent of the time and PM the deluxe model is rented for 75 percent. WEE\" Complete this question by entering your mowers In the tab: below. Required 1'] Required 2 Required 3 Required 4 ' Required 5 Determine the contribution margin per rental day and contribution margin ratio for each model that Biscayne's offers. Note: Round your "Unit Contribution Margin\" answers to 2 decimal places. ;: ' . v a: ['1 women, l_- Contribution Margin Ratio Required 2 >