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Ivanhoe provides shuttle service between four hotels near a medical center and an international airport. Ivanhoe uses two 10- passenger vans to offer 12 round
Ivanhoe provides shuttle service between four hotels near a medical center and an international airport. Ivanhoe 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 (1,300 passengers) $26,000 Variable costs Fuel $6,334 Tolls and parking 1,685 Maintenance 1,081 9,100 Contribution margin 16,900 Fixed costs Salaries 12,900 Depreciation 1,250 Insurance 930 15,080 Net income $1,820 (a1) Your answer is incorrect. Calculate the break-even point in dollars. Break-even point $ eTextbook and Media Save for Later Last saved 6 days ago. Attempts: 1 of 2 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes
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