Crane 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 Crane'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) $50,400 Variable costs Fuel $21,050 Snacks and drinks 1,370 Landing fees 1,770 Supplies and forms 1,010 25,200 Contribution margin 25,200 Fixed costs Depreciation 2,630 Salaries 12,150 Advertising 2,120 Airport hangar fees 2,000 18,900 Operating income $6,300 Without calculations, determine the contribution margin at the break-even point. Contribution margin at the break-even point $ Ivanhoe Manufacturing's sales slumped badly in 2022. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 51,600 units of product: net sales $1,548,000; total costs and expenses $1,728,600; and net loss $180,600. Costs and expenses consisted of the amounts shown below: Total Variable Fixed Cost of goods sold $1,161,000 $799,800 $361,200 Selling expenses 412,800 107,500 305,300 Administrative expenses 154,800 98,900 55,900 $1,728,600 $1,006,200 $722,400 Management is considering the following independent alternatives for 2023: 1. Increase the unit selling price by 25% with no change in costs, expenses, or sales volume. 2. Change the compensation of salespersons from fixed annual salaries totalling $172,000 to total salaries of $17,200 plus a 5% commission on net sales. 3. Purchase new high-tech factory machinery that will change the proportion between variable and fixed cost of goods sold to 50:50. Calculate the break-even point in dollars for 2022. Break-even point $