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 months activity in the form of a cost-volume-profit income statement is shown below. 1. Calculate the break-even point in dollars. Calculate the break even point in number fares without calculations determins the contributio margin at the break even point

fare rev (1330 fares) 39900

variable costs fuel 5809

tolls 3573

maintence 992 10374

contribution margin 29526

fixed costs

salaries 12500

depreciation 1100

insurance 4530 18130

net income 11396