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Exercise 6-4 (Part Level Submission) Comfi Airways, Inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis of its operations.
Exercise 6-4 (Part Level Submission) 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) Variable costs $48,000 Fuel Snacks and drinks Landing fees Supplies and forms $18,080 720 1,800 1,000 21,600 25,400 Contribution margin Fixed costs Depreciation Salaries Advertising Airport hanger fees 3,050 13,200 300 1,600 18,150 $8,250 Net income (a1) Calculate the break-even point in dollars. Break-even point Click if you would like to Show Work for this question: ORen Show Work Attempts: 0 of 15 used SAVE FOR LATER (a2) The parts of this question must be completed in order. This part wi be available when you complete the part above. The parts of this question must be completed in order. This part wi be avallable when you complete the part above
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