Comfi Airways, Inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis of its operations. Both planes seat 10 passengers each, and they fly commuters from Comfi'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 statement. Fare revenues (400 passenger flights) Variable costs $48,000 Fuel Snacks and drinks Landing fees Supplies and forms $12,280 760 1,800 1,000 15,840 32,160 Contribution margin Fixed costs Depreciation Salaries 3,100 16,458 500 1,650 Airport hanger fees 21,708 510,452 Net income Calculate the break-even point in dollars. Break-even point LINK TO TEXT Calculate the break-even point in number of passenger flights. Break-even point flights Calculate the break-even point in number of passenger flights Break-even point flights LINK TO TEXT Without calculations, determine the contribution margin at the break-even point. Break-even point LINK TO TEXT If ticket prices were decreased by 10%, passenger fights would increase by 25%. However, total variable costs would increase by the same percentage as passenger flights. (1) How much would net income be impacted by this change? Net income to $ (2) Should the ticket price decrease be adopted