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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

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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 $33,600 Fare revenues (1,400 fares) Variable costs Fuel Tolls and parking Maintenance $5,457 3,356 931 9,744 23,856 Contribution margin Fixed costs Salaries Depreciation Insurance 13,500 1,400 2,779 17,679 $6,177 Net income (a1) Your answer is correct. Calculate the break-even point in dollars. Break-even point 24,900 SHOW SOLUTIONSHOW ANSWER LINK TO TEXT LINK TO TEXT By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 1 of 3 used (a2) Your answer is incorrect. Try again Calculate the break-even point in number of fares. (Round answer to O decimal places, e.g. 5,275)

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