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012 Comh Airways, Inc, a small two-plane passenger airline, has asked for your assistance in some basic analysis of its perations planes seat 10
012 Comh Airways, Inc, a small two-plane passenger airline, has asked for your assistance in some basic analysis of its perations planes seat 10 passengers each, and they fly commuters from Com's base airport to the major city in the state, Metropolis Each month, 40 round-trip flights are made. Shown below is a recent month's activity in the form of a cost volume-profit income stat Fare revenues (400 passenger fights) $48,000 Variable costs Fuel $13,390 Snacks and drinks 790 Landing fees 2000 Supplies and forms 1.100 17.200 Contribution margin 30.720 Feed costs Depreciation 3.100 Salaries 15.180 Advertising 600 Airport hanger fees 1,600 20480 Net income $10,240
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