PRINTER VERSION BACK NEXT Exercise 5-11 (Video) (Part Level Submission) Crane provides shuttle service between...
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PRINTER VERSION BACK NEXT Exercise 5-11 (Video) (Part Level Submission) Crane provides shuttle service between four hotels near a medical center and an international airport. Crane 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. Sales (1.310 passengers) $34,060 Variable costs Fuel $4,387 Toils and parking 1,676 Maintenance 749 6,812 Contribution margin 27,248 Fixed costs Salaries 12,000 Depreciation 2,200 Insurance 1,400 15,600 Net Income $11,648 (1) Calculate the break even point in dollars. Break-even point
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