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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
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) $48,000 Variable costs Fuel $15,708 Snacks and drinks 780 Landing fees 1,800 Supplies and forms 1,200 19,488 Contribution margin 28,512 Fixed costs Depreciation 3,000 Salaries 15,640 Advertising 500 Airport hanger fees 1,650 20,790 Net income $7,722 (a1) Your answer is correct. Calculate the break-even point in dollars. Break-even point $ eTextbook and Media 35000 (a2) Calculate the break-even point in number of passenger flights. Break-even point flights Attempts: 1 of 2 used
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