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Exercise 5-11 (Video) (Part Level Submission) Crane provides shuttle service between four hotels near a medical center and an international airport. Crane uses two 10-passenger
Exercise 5-11 (Video) (Part Level Submission) Crane provides shuttle service between four hotels near a medical center and an international airport. Crane 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. Sales (1,310 passengers) $34,060 Variable costs Fuel $4,387 Tolls and parking 1,676 Maintenance 749 6,812 Contribution margin 27,248 Fixed costs Salaries 12,000 Depreciation 2,200 Insurance 1,400 15,600 Net income $11,648 (a1) * Your answer is incorrect. Try again. Calculate the break-even point in dollars. x Break-even point 1950
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