Question: Spencer Kars provides shuttle service between four hotels near a

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.


Instructions
(a) Calculate the break-even point in
(1) Dollars
(2) Number of fares.
(b) Without calculations, determine the contribution margin at the break-evenpoint.
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  • CreatedMarch 02, 2015
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