Question
Exercise 22-11 a1-b Pharoah provides shuttle service between four hotels near a medical center and an international airport. Pharoah uses two 10-passenger vans to offer
Exercise 22-11 a1-b Pharoah provides shuttle service between four hotels near a medical center and an international airport. Pharoah 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. Sales (1,400 passengers) $36,400 Variable costs Fuel $4,077 Tolls and parking 2,507 Maintenance 696 7,280 Contribution margin 29,120 Fixed costs Salaries 11,000 Depreciation 1,300 Insurance 4,860 17,160 Net income $11,960 Incorrect answer. Your answer is incorrect. Try again. Calculate the break-even point in dollars. Break-even point $Entry field with incorrect answer now contains modified data Incorrect answer. Your answer is incorrect. Try again. Calculate the break-even point in number of passengers. Break-even point Entry field with incorrect answer passengers Incorrect answer. Your answer is incorrect. Try again. Without calculations, determine the contribution margin at the break-even point. Contribution margin at the break-even point $Entry field with incorrect answer
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