Contribution margin at the break-even point Thank you Contribution margin at the

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Contribution margin at the break-even point

Thank you

Contribution margin at the break-even point

Thank you

WebStudy xWileyPLUS × G Home | Chegg.com ·t Apple-iTunes-Downloa -> c Dedugen.wileyplus.com/edugen/student/mainfr.un. WileyPLUS weygandt, Managerial Accounting, 7e MANAGERIAL ACCOUNTING (ACCT 105) STANDARD VIEWPRINTER VERSION BACK NEXT ASSIGNMENT RESOURCES Exercise 5-11 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 Do It! Review 5-2 $ 39,000 Fare revenues ( 1,300 fares) Variable costs mi Fuel Tolls and parking Maintenance 6,334 3,895 1,081 Exercise 5-11 11,310 27,690 Contribution margin Fixed costs eview Scor Review Results Study Objectiv Salaries Depreciation Insurance 12,900 1,400 42 14,342 $13,348 Net income Your answer is correct Calculate the break-even point in dollars. Break-even point 20200 SHOW SOLUTION SHOW ANSWER LINK TO TEXT VIDEO: APPLIED SKILLS Your answer is incorrect. Try again Calculate the break-even point in number of fares. (Round answer to 0 decimal places, e.g. 5,275.) Break-even point 961 fares iTunes6464Setup.exe Show all download 11:20 AM 2/22/2016 DOLL

Explanation / Answer

1) Sales revenue per fare=39000/1300=30

Break even point in number of fares=Break even point in $ / Sales revenue per fare=20200/30=673 fares

2) Contribution margin at break even point=fixed costs=$ 14342

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