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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
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. Sales (1.470 passengers) $41,160 Variable costs Fuel $5.762 Tolls and parking 3,544 Maintenance 984 10,290 Contribution margin 30.870 Fixed costs Salaries 13,100 Depreciation 1,400 Insurance 1,250 15.750 Net income $15,120 (a1) Calculate the break-even point in dollars. Break-even point $
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