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Question 1 Spencer Kars provides shuttle service between four hotels near a medical center and an international airport. Spencer Kars uses two 10-passenger vans to
Question 1 Spencer Kars provides shuttle service between four hotels near a medical center and an international airport. Spencer 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. $30,130 Fare revenues (1,310 fares) Variable costs Fuel Tolls and parking Maintenance $4,387 2,698 749 7,834 22,296 Contribution margin Fixed costs Salaries Depreciation Insurance 12,100 1,300 2,140 15,540 $6,756 Net income Calculate the break-even point in dollars. Break-even point LINK TO TEXT LINK TO TEXT Calculate the break-even point in number of fares. (Round answer to 0 decimal places, e.g. 5,275.) Break-even point fares LINK TO TEXT LINK TO TEXT Without calculations, determine the contribution margin at the break-even point. Contribution margin at the break-even point s LINK TO TEXT LINK TO TEXT
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