Biscayne's Rent-A.Ride rents two models of automobiles: the standard and the deluxe. Information follows: Biscayne's total fixed cost is $33,294 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 Biscoyne's prefer to rent? 3. Calculate Biscayne's break-even point if the product m× is 50,50 4. Calculate the break-ever point if Biscayne's product mix changes so that the standard moder is rented 75 percent of the time and the deluxe model is rented for only 25 percent. 5. Colculate the break-even point if Biscaynes product mix changes 50 that the standard model is rented 25 percent of the time and the deluxe-model is rented for 75 percent.