Exercise 18-11 Kare Kars provides shuttle service between four hotels near a medical center and an international airport. Kare Kars uses two 10-passenger vans to offer 12 round trips per day. A recent months activity in the form of a cost-volume-profit income statement is shown below. Fare revenues (1,500 fares) $42,000 Variable costs Fuel $7,560 Tolls and parking 3,780 Maintenance 1,260 12,600 Contribution margin 29,400 Fixed costs Salaries 14,994 Depreciation 1,411 Insurance 1,235 17,640 Net income $11,760 (a) Calculate the break-even point in (1) dollars and (2) number of fares. (1) Break-even point $ (2) Break-even point fares (b) Without calculations, determine the contribution margin at the break-even point. Contribution margin at the break-even point $