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Monty Kars provides shuttle service between four hotels near a medical center and an international airport. Monty Kars uses two 10-passenger vans to offer 12
Monty Kars provides shuttle service between four hotels near a medical center and an international airport. Monty 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. $32,750 $3,930 1,965 655 Fare revenues (1,310 fares) Variable costs Fuel Tolls and parking Maintenance Contribution margin Fixed costs Salaries Depreciation Insurance 6,550 26,200 14,650 1,210 940 16,800 $9,400 Net income Calculate the break-even point in dollars. Break-even point LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS Calculate the break-even point in number of fares. Break-even point fares LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS Without calculations, determine the contribution margin at the break-even point. Contribution margin at the break-even points
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