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Sheridan provides shuttle service between four hotels near a medical center and an international airport. Sheridan uses two 10-passenger vans to offer 12 round trips
Sheridan provides shuttle service between four hotels near a medical center and an international airport. Sheridan 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. $32,660 $4,024 5,088 686 Sales (1,420 passengers) Variable costs Fuel Tolls and parking Maintenance Contribution margin Fixed costs Salaries Depreciation Insurance Net income 9.798 22,862 13.100 2.000 1,000 16,100 $6,762 (1) Your answer is correct Calculate the break-even point in dollars. Breakeven point 2000 eTextbook and Media Attempts: 1 of 2 used (a2) Your answer is correct Calculate the break-even point in number of passengers Break-even point 1000 passengers e Textbook and Media Attempts: 1 of 2 used Without calculations, determine the contribution margin at the break-even point. Contribution margin at the break-even point $
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