Exercise 11-11 Concord Kars provides shuttle service between four hotels near a medical center and an international airport. Concord 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. $36,500 Fare revenues (1,460 fares) Variable costs Fuel Tolls and parking Maintenance $4,380 2,190 730 7,300 29,200 Contribution margin Fixed costs Salaries Depreciation 16,680 1,380 1,060 Insurance 19,120 $10,080 Net income Calculate the break-even point in dollars. Break-even points Calculate the break-even point in number of fares. Break-even point fares fares LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS Without calculations, determine the contribution margin at the break-even point. Contribution margin at the break-even point & Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT VIDEO: APPLIED SKILLS