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Exercise 18-11 Spencer Kars provides shuttle service between four hotels near a medical center and an international airport, Spencer Kars uses two 10-passenger vans to

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Exercise 18-11 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. $ 39,900 Fare revenues (1,330 fares) Variable costs $5.809 3,573 992 Tolls and parking Maintenance Contribution margin Fixed costs Salaries Depreciation 12,500 1.100 4.530 18,130 Insurance Net income Calculate the break-even point in dollars. Break-even point Calculate the break-even point in number of fares. (Round answer to decimal places, ... 275.) Break even point fares wahout calculations, determine the contribution margin at the break-even point. Contribution margin at the break-even point Click if you would like to show Work for this questioni Don Show Work

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