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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
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. $ 37,520 $ 5,673 3,489 968 Fare revenues ( 1,340 fares) Variable costs Fuel Tolls and parking Maintenance Contribution margin Fixed costs Salaries Depreciation Insurance Net income 10,130 27,390 12,600 1,400 2,644 16,644 $ 10,746 Calculate the break-even point in dollars. Break-even point Calculate the break-even point in number of fares. (Round answer to 0 decimal places, e.g. 5,275.) Break-even point fares Without calculations, determine the contribution margin at the break-even point. Contribution margin at the break-even point
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