Question: Exercise 18-11 Spencer Kars provides shuttle service between four hotels near a medical center and an international airport. Spencer Kars uses two 10-passenger vans to

Exercise 18-11 Spencer Kars provides shuttle service between four hotels near a medical center and an international airport. Spencer Kars uses two 10-passenger

Exercise 18-11 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. $37,520 Fare revenues1340 fares) Variable costs Fuel Tolls and parking Maintenance $5,673 3,489 968 10,130 27,390 Contribution margin Fixed costs 12,600 1,400 2,644 Salaries Depreciation 16,644 $10,746 Net income Your answer is correct. Calculate the break-even point in dollars. Break-even point 22800

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