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please help Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows: Rental price per day Variable cost per day Standard
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Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows: Rental price per day Variable cost per day Standard $58.00 24.50 Deluxe $66.00 29.20 Biscayne's total fixed cost is $25,500 per month. Required: 1. Determine Biscayne's new break-even point in each of the following independent scenarios: a. Product mix is 40/60. b. Sales price increases on both models by 15 percent. (Assume a product mix of 50/50.) c. Fixed costs increase by $5,000. (Assume a product mix of 50/50.) d. Variable costs increase by 20 percent. (Assume a product mix of 50/50.) Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 1C Reg 10 Product mix is 40/60. (Do not round your intermediate calculations. Round your answer to the nearest whole number.) Break-Even Point Rental Days Reg 1A Req 1B > Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 1C Reg 1D Sales price increases on both models by 15 percent. (Assume a product mix of 50/50.) (Do not round your intermediate calculations. Round your answer to the nearest whole number.) Break-Even Point Rental Days Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Req 10 Req 1D Fixed costs increase by $5,000. (Assume a product mix of 50/50.) (Do not round your intermediate calculations. Round your answer to the nearest whole number.) Break-Even Point Rental Days Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 10 Req 1D Variable costs increase by 20 percent. (Assume a product mix of 50/50.) (Do not round your intermediate calculations. Round your answer to the nearest whole number.) Break-Even Point Rental DaysStep by Step Solution
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