Transcribed Image Text: ABC Service company provides shuttle service between four hotels near a Hospital and an international airport. ABC uses two 10-passenger vans to
Transcribed Image Text: ABC Service company provides shuttle service between four hotels near a Hospital and an international airport. ABC 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 (1,440 fares/units)
OMR 36,000
Variable costs
Fuel
OMR 5,040
Tolls and parking
3,100
Maintenance
860
9,000
Contribution margin
27,000
Fixed costs
Salaries
12,700
1,300
Depreciation
1,000
Insurance
15,000
OMR 12,000
Net income
is the break-even point in OMR/ dollars?
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