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 Comfis base airport to the major city in the state, Metropolis. Each month, 40 round-trip flights are made. Shown below is a recent months activity in the form of a cost-volume-profit income statement. Fare revenues (400 passenger flights) $64,000 Variable costs Fuel $25,200 Snacks and drinks 800 Landing fees 1,800 Supplies and forms 1,000 28,800 Contribution margin 35,200 Fixed costs Depreciation 3,100 Salaries 12,940 Advertising 300 Airport hanger fees 1,700 18,040 Net income $17,160

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. $64,000 Fare revenues (400 passenger flights) Variable costs Fuel Snacks and drinks Landing fees Supplies and forms $25,200 800 1,800 1,000 28,800 35,200 Contribution margin Fixed costs 3,100 12,940 300 1,700 Depreciation Salaries Airport hanger fees Net income 18,040 $17,160