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 months activity in the form of a cost-volume-profit income statement is shown below. Fare revenues ( 1,340 fares) $ 38,860 Variable costs Fuel $ 5,658 Tolls and parking 3,480 Maintenance 966 10,104 Contribution margin 28,756 Fixed costs Salaries 12,800 Depreciation 1,400 Insurance 970 15,170 Net income $ 13,586

Calculate the break-even point in dollars.

Calculate the break-even point in number of fares. (Round answer to 0 decimal places, e.g. 5,275.)

Without calculations, determine the contribution margin at the break-even point.