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Exercise 19-11 (Part Level Submission) Spencer Kars provides shuttle service between four hotels near a medical center and an international airport. Spencer Kars uses two
Exercise 19-11 (Part Level Submission) 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 $34,500 Fare revenues (1,500 fares) Variable costs Fuel Tolls and parking Maintenance $5,603 3,446 956 10,005 24,495 Contribution margin Fixed costs Salaries Depreciation Insurance 13,100 1,500 1,517 16,117 $8,378 Net income (a1) Calculate the break-even point in dollars Break-even points
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