Calculate the break-even point in 1 dollars and 2 number of

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Reference no: EM13574493

Karen Kars provides shuttle service between four hotels near a medical center and an international airport. Kare 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 (1,740 fares)		$45,240
Variable costs
Fuel	$5,420
Tolls and parking	3,470
Maintenance	640	9,530
Contribution margin		35,710
Fixed costs
Salaries	13,060
Depreciation	1,390
Insurance	1,140	15,590
Net income		$20,120

(a)

Calculate the break-even point in (1) dollars and (2) number of fares. (Round contribution margin ratio to 0 decimal places, e.g 28% and final answers to 0 decimal places, e.g. 5,275.)

(1)		Break-even point in dollars		$
(2)		Break-even point in fares			fares

Reference no: EM13574493

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