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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

$pixel.gif
(2)
Break-even point in fares

pixel.gif

 fares

Reference no: EM13574493

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