iscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows: Standard Rental price per day $ 40.00 14.40 Variable cost per day iscayne's total fixed cost is $13,120 per month. equired: . Determine the contribution margin per rental day and contribution margin ratio for each model that Biscayne's offers. . Which model would Biscayne's prefer to rent? . Calculate Biscayne's break-even point if the product mix is 50/50. . Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 75 percent of the time and the deluxe model is rented for only 25 percent. Deluxe $ 46.00 18.40 5. Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 25 percent of the time and the deluxe model is rented for 75 percent. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 75 percent of the time and the deluxe model is rented for only 25 percent. Note: Do not round intermediate calculations. Round your final answer to the nearest whole number. Rental Days Break-Even Point Required 4 < Required 3 Required 5 Required 5 >
iscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows: Standard Rental price per day $ 40.00 14.40 Variable cost per day iscayne's total fixed cost is $13,120 per month. equired: . Determine the contribution margin per rental day and contribution margin ratio for each model that Biscayne's offers. . Which model would Biscayne's prefer to rent? . Calculate Biscayne's break-even point if the product mix is 50/50. . Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 75 percent of the time and the deluxe model is rented for only 25 percent. Deluxe $ 46.00 18.40 5. Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 25 percent of the time and the deluxe model is rented for 75 percent. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 75 percent of the time and the deluxe model is rented for only 25 percent. Note: Do not round intermediate calculations. Round your final answer to the nearest whole number. Rental Days Break-Even Point Required 4 < Required 3 Required 5 Required 5 >
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 8PB: Tim-Buck-Il rents jet skis at a beach resort. There are three models available to rent: Junior,...
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can you help me with the last two questions, please
![Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows:
Standard
$40.00
14.40
De luxe
$ 46.00
18.40
Rental price per day
Variable cost per day
Biscayne's total fixed cost is $13,120 per month.
Required:
1. Determine the contribution margin per rental day and contribution margin ratio for each model that Biscayne's offers.
2. Which model would Biscayne's prefer to rent?
3. Calculate Biscayne's break-even point if the product mix is 50/50.
4. Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 75 percent of the time and
the deluxe model is rented for only 25 percent.
5. Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 25 percent of the time and
the deluxe model is rented for 75 percent.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Required 3
Required 4
Break-Even Point
Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 75 percent of the time
and the deluxe model is rented for only 25 percent.
Note: Do not round intermediate calculations. Round your final answer to the nearest whole number.
Rental Days
Required 5
< Required 3
Required 5 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F12f8a0fc-1854-4818-b6ef-1f9785f9b097%2Ff446a586-4922-4889-83e1-97b3e44bf375%2F6l1ngqs_processed.png&w=3840&q=75)
Transcribed Image Text:Biscayne's Rent-A-Ride rents two models of automobiles: the standard and the deluxe. Information follows:
Standard
$40.00
14.40
De luxe
$ 46.00
18.40
Rental price per day
Variable cost per day
Biscayne's total fixed cost is $13,120 per month.
Required:
1. Determine the contribution margin per rental day and contribution margin ratio for each model that Biscayne's offers.
2. Which model would Biscayne's prefer to rent?
3. Calculate Biscayne's break-even point if the product mix is 50/50.
4. Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 75 percent of the time and
the deluxe model is rented for only 25 percent.
5. Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 25 percent of the time and
the deluxe model is rented for 75 percent.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Required 3
Required 4
Break-Even Point
Calculate the break-even point if Biscayne's product mix changes so that the standard model is rented 75 percent of the time
and the deluxe model is rented for only 25 percent.
Note: Do not round intermediate calculations. Round your final answer to the nearest whole number.
Rental Days
Required 5
< Required 3
Required 5 >
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