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Pharoah provides shuttle service between four hotels near a medical center and an international airport. Pharoah uses two 10-passenger vans to offer 12 round trips
Pharoah provides shuttle service between four hotels near a medical center and an international airport. Pharoah 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 $36,400 Sales (1,400 passengers) Variable costs Fuel Tolls and parking Maintenance $4,077 2,507 696 7,280 29,120 Contribution margin Fixed costs Salaries Depreciation Insurance 11,000 1,300 4,860 17,160 $11,960 Net income X Your answer is incorrect. Calculate the break-even point in dollars. Break-even point 85800 x Your answer is incorrect. Calculate the break-even point in number of passengers. Break-even point passengers
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