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Exercise 22-11 a1-b Wildhorse provides shuttle service between four hotels near a medical center and an international airport. Willdhorse uses tvo 10-passenger vans to offer
Exercise 22-11 a1-b Wildhorse provides shuttle service between four hotels near a medical center and an international airport. Willdhorse uses tvo 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. Sales (1,500 passengers) $33,000 Variable costs $4,250 Fuel Tolls and parking 3,274 Maintenance 726 8,250 Contribution margin 24,750 Fixed costs Salaries 13,500 Depreciation 2,000 Insurance 16,500 1,000 Net income $8,250 Calculate the break-even point in dollars. Break even point Calculate the break-even point in number of passengers Break-even point passengers Without 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 question: Open ShoweWork
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