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Ivanhoe provides shuttle service between four hotel near a medical center and an International airport. Ivanhoe uses tivo 10- passenger vans to offer 12 round
Ivanhoe provides shuttle service between four hotel near a medical center and an International airport. Ivanhoe uses tivo 10- passenger vans to offer 12 round trips per day. A recent month's activity in the form of a cost-volume-profit Income statementla shown below. Sala (1,300 passeng $26,000 Variable co Fuel $6,334 Tolls and parking 1,685 Maintenance 1,081 9,100 Contribution margin 16,900 Fload costs Salaries 12,900 Depreciation 1,250 Insurance 930 15.080 Net Income $1,820 (21) Your Answer Correct Answer Your answer correct Calculate the break-even point in dollars. Break $ (a2) eTextbook and Media Solution 22200 Your answer is correct Calculate the break-even point in number of passengers (b) Break-even point eTextbook and Media 1160 passengers Without calculations, determine the contribution margin at the break-even point Contribution margin at the break-even point $ Attempts: 2 of 2 used Attempts: 1 of 2 used
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