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

Assignment Help Accounting Basics

Reference no: EM13588275

Kare 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 (1,400 fares)		$30,800
Variable costs
Fuel	$5,544
Tolls and parking	2,772
Maintenance	924	9,240
Contribution margin		21,560
Fixed costs
Salaries	11,127
Depreciation	1,047
Insurance	916	13,090
Net income		$8,470

(a) Calculate the break-even point in (1) dollars and (2) number of fares.

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

(b) Without calculations, determine the contribution margin at the break-even point.

Contribution margin at the break-even point

Reference no: EM13588275

Questions Cloud

Johnny the ceo of plastic spoon inc is in a bit of a bind : write a short essay between 400 and 500 words responding to the assignment below. you are expected to use the textbook

Compute the unit cost that is relevant for comparison to : barker company has a single product called a zet. the company normally produces and sells 80000 zets each year at a

One method of determining the refractive index of a : question one method of determining the refractive index of a transparent solid is to measure the critical angle when

Kody corporation uses a job-order costing system with a : kody corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours. at the

Calculate the break-even point in 1 dollars and 2 number of : kare kars provides shuttle service between four hotels near a medical center and an international airport. kare kars

From the dropdown box beside each numbered balance sheet : from the dropdown box beside each numbered balance sheet item select the letter of its balance sheet classification. if

What would be the break-even point in units and in swiss : detmer holdings ag of zurich switzerland has just introduced a new fashion watch for which the company is trying to

Job 218 was one of the many jobs started and completed : job 218 was one of the many jobs started and completed during the year. the job required 3300 in direct materials and

Khole company imports gift items from overseas and sells : khole company imports gift items from overseas and sells them to gift shops and department storees through out the us.

User Account

All Pages