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Business, 31.10.2019 06:31 vliu470

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 a. calculate the break-even point in dollars $ and number of b. without calculations, determine the contribution margin at the break-even point $

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