Question: Question RESOURCES SP 18 Spencer Kars provides shuttle service between four hotels near a medical center and an international airport. Spencer Kars uses two 10-passenger
Question RESOURCES SP 18 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. Fare revenues (1,330 fares) 37,240 Variable costs Fuel Tolls and parking Maintenance 5,005 3,078 855 8,938 Contribution margin Fixed costs 28,302 Score A: Salaries 12,100 1,400 1,852 Insurance 15,352 $12,950 Net income Calculate the break-even point in dollars. A: Break-even points Q: Alt the Her A: (1x 3 Calculate the break-even point in number of fares (Round answer to o decimal places, o.g. 5,275.) Break-even point Q: Altex the an Herma Without calculations, determine the contribution margin at the break-even point Contribution margin at the break-even point s A: Answer Search or enter website name 2 3 4 5 6
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