Crane provides shuttle service between 4 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 as follows. Sales (1,400 passengers) Variable costs Fuel Tolls and parking Maintenance Contribution margin Fixed costs Salaries Depreciation (straight-line). Insurance. Net income. $5,457 2,012 931 $33,600 8,400 25,200 13,500 1,700 1,000 16,200 $9,000
Crane provides shuttle service between 4 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 as follows. Sales (1,400 passengers) Variable costs Fuel Tolls and parking Maintenance Contribution margin Fixed costs Salaries Depreciation (straight-line). Insurance. Net income. $5,457 2,012 931 $33,600 8,400 25,200 13,500 1,700 1,000 16,200 $9,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Crane provides shuttle service between 4 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 as follows.
Sales (1,400 passengers)
Variable costs
Fuel
Tolls and parking
Maintenance
Contribution margin
Fixed costs
Salaries
Depreciation (straight-line)
Insurance
Net income.
$5,457
2,012
931
13,500
1,700
1,000
$33,600
8,400
25,200
16,200
$9,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2fc0e30b-31cd-4663-8b57-feb6f72497bc%2F11fe1de9-780f-4f0b-8d45-0e739ad9709a%2F0vezun_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Crane provides shuttle service between 4 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 as follows.
Sales (1,400 passengers)
Variable costs
Fuel
Tolls and parking
Maintenance
Contribution margin
Fixed costs
Salaries
Depreciation (straight-line)
Insurance
Net income.
$5,457
2,012
931
13,500
1,700
1,000
$33,600
8,400
25,200
16,200
$9,000
![Crane provides shuttle service between 4 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 as follows.
Sales (1,400 passengers)
Variable costs
Fuel
Tolls and parking
Maintenance
Contribution margin
Fixed costs
Salaries
Depreciation (straight-line)
Insurance
Net income.
$5,457
2,012
931
13,500
1,700
1,000
$33,600
8,400
25,200
16,200
$9,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2fc0e30b-31cd-4663-8b57-feb6f72497bc%2F11fe1de9-780f-4f0b-8d45-0e739ad9709a%2Fbcev7s_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Crane provides shuttle service between 4 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 as follows.
Sales (1,400 passengers)
Variable costs
Fuel
Tolls and parking
Maintenance
Contribution margin
Fixed costs
Salaries
Depreciation (straight-line)
Insurance
Net income.
$5,457
2,012
931
13,500
1,700
1,000
$33,600
8,400
25,200
16,200
$9,000
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