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Blossom Airways Inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis of its operations. The planes seat 10 passengers

Blossom Airways Inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis of its operations. The planes seat 10 passengers each, and they fly commuters from Blossom's base airport to the major city in the province, 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 statement.

Fare revenues (400 fares) $49,200
Variable costs
Fuel $20,900
Snacks and drinks 1,200
Landing fees 1,500
Supplies and forms 1,000 24,600
Contribution margin 24,600
Fixed costs
Depreciation 2,500
Salaries 12,450
Advertising 2,000
Airport hangar fees 1,500 18,450
Operating income $6,150

Without calculations, determine the contribution margin at the break-even point.

Contribution margin at the break-even point $

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