Comfi Airways, Inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis of its opcrations. Both planes seat 10 passengers cach, and they fly commuters from Comfi's base airport to the major city in the state, Metropolls. Each month, 40 round-trip flights are made, Shown below is a recent month's actlvity in the form of a cost-volume-profit Income statement. Fare revenues (400 passcnger flights Varlable costs 548,000 Fuel Snacks and drinks Landing fees Supplies and forms $14.000 800 2,000 1.200 18,000 30,000 Contribution margin Fixed costs Depreclation Salaries Advertising Airport hanger fees 3,000 15.000 500 1,750 20,250 $9,750 Net income Calculate the break-even point in dollars. Break-even point e Textbook and Media Calculate the break-even point in number of passenger flights Break-even point eTextbook and Media flights Without calculations, determine the contribution marein at the break-even point Break-even point eTextbook and Media If ticket prices were decreased by 10%, passenger flights 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 (2) Should the ticket price decrease be adopted