Crane provides shuttle service between four hotels near a medical center and an international airport. Crane...
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Crane provides shuttle service between four hotels near a medical center and an international airport. Crane 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. Sales (1,310 passengers) $34,060 Variable costs Fuel $4,387 Tolls and parking 1.676 Maintenance 749 6,812 Contribution margin 27,248 Fixed costs Salaries 12,000 Tolls and parking Maintenance Contribution margin Fixed costs Salaries Depreciation Insurance Net income 1,676 749 12,000 2,200 1,400 6,812 27,248 15,600 $11,648 Without calculations, determine the contribution margin at the break-even point. Contribution margin at the break-even point $ 19500 Crane provides shuttle service between four hotels near a medical center and an international airport. Crane 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. Sales (1,310 passengers) $34,060 Variable costs Fuel $4,387 Tolls and parking 1.676 Maintenance 749 6,812 Contribution margin 27,248 Fixed costs Salaries 12,000 Tolls and parking Maintenance Contribution margin Fixed costs Salaries Depreciation Insurance Net income 1,676 749 12,000 2,200 1,400 6,812 27,248 15,600 $11,648 Without calculations, determine the contribution margin at the break-even point. Contribution margin at the break-even point $ 19500
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Answer rating: 100% (QA)
Determine at break even point Sales 1310 34060 Per Passange 340... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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