Question: Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Exercise 5-11 (Video) (Part Level Submission) Spencer Kars provides shuttle service between four hotels near a medical
Help System Announcements CALCULATOR PRINTER VERSION BACK NEXT Exercise 5-11 (Video) (Part Level Submission) 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. Sales (1,500 passengers) $36,000 Variable costs Fuel $5,040 Tolls and parking 3,100 Maintenance 860 9,000 Contribution margin 27,000 Fixed costs Salaries 15,700 Depreciation 1,300 Insurance 1,000 18,000 Net income $9,000 (1) x Your answer is incorrect. Try again. Calculate the break-even point in dollars. Break-even point Click if you would like to Show Work for this question: Open Show Work SAVE FOR LATER SUBMIT ANSWER Attempts: 5 of 15 used
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