Carla Vista provides shuttle service between 4 hotels near a medical center and an international airport. Carla Vista 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 as follows. Sales (1,490 passengers) $40,230 Variable costs Fuel $6,759 Tolls and parking 134 Maintenance 1,153 8,046 Contribution margin 32.184 Fixed costs Salaries 13,000 Depreciation (straight-line) 2,000 Insurance 1.200 16,200 Net income $15,984

Carla Vista provides shuttle service between 4 hotels near a medical center and an international airport. Carla Vista 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 as follows. Sales (1,490 passengers) $40,230 Variable costs Fuel $6,759 Tolls and parking 134 Maintenance 1,153 8,046 Contribution margin 32.184 Fixed costs Salaries 13,000 Depreciation (straight-line) 2,000 Insurance 1.200 16,200 Net income $15,984

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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