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Exercise 19-4 (Part Level Submission) Comfi Airways, Inc., a small two-plane passenger airline, has asked for your ossistance in some basic anolysis of its operations.
Exercise 19-4 (Part Level Submission) Comfi Airways, Inc., a small two-plane passenger airline, has asked for your ossistance in some basic anolysis of its operations. Both planes sest 10 passengers eech, 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 fiights) Variable costs $56,000 Fuel Snacks and drinks Landing fees Supplies and forms $18,640 720 2,000 1,600 22,960 Contribution margin Fixed costs 33,040 Salaries Advertising Airport hanger fees 2,950 13,022 600 1,600 18,172 14,868 Net income (a1) Calculate the break-even point in dollars. Break-even point
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