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Determine Biscayne new break-even point

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Reference no: EM132725251

Problem - Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows:

 

Standard

Deluxe

Rental price per day

$66.00

$74.00

Variable cost per day

28.50

33.20

Biscayne's total fixed cost is $27,500.00 per month.

Required -

1. Determine Biscayne's new break-even point in each of the following independent scenarios:

a. Product mix is 40/60.

b. Sales price increases on both models by 20 percent. (Assume a product mix of 50/50).

c. Fixed costs increase by $5,300. (Assume a product mix of 50/50.)

d. Variable costs increase by 30 percent.

Reference no: EM132725251

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