Exercise 5-11 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 37,240 Fare revenues(1,330 fares) Variable costs Fuel Tolls and parking Maintenance 5,005 3,078 855 8,938 28,302 Contribution margin Fixed costs Salaries Depreciation Insurance 12,100 1,400 1,852 15,352 12,950 Net income Your answer is correct. Calculate the break-even point in dollars. Break-even point