Grouper Kars provides shuttle service between four hotels near a medical center and an international

airport. Grouper 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.

Fare revenues (1,340 fares) $26,800

Variable costs

Fuel $4,824

Tolls and parking 2,412

Maintenance 804 8,040

Contribution margin 18,760

Fixed costs

Salaries 12,520

Depreciation 1,040

Insurance 790 14,350

Net income $4,410

Calculate the break-even point in dollars.

Break-even point $

Calculate the break-even point in number of fares.

Break-even point fares

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

Contribution margin at the break-even point $