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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 months activity in the form of a cost-volume-profit income statement is shown below. image text in transcribed
image text in transcribed
Exercise 22-8 Spencer Kars provides shuttle service between fo trips per day. A recent month's activity in the form of a cost-volume-profit income stat ur hotels near a medical center and an international a Fare revenues (1,500 fares) Variable costs $33,000 Fuel Tolls and parking Maintenance $4,250 2,614 726 7,590 25,410 Contribution margin Fixed costs Salaries Depreciation Insurance 13,200 1,100 1,100 15,400 $10,010 Net income Calculate the break-even point in dollars. Break-even point s nnint in numher of fares. (Round answer to o

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