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help with 6-4 please Exercise 6-4 Comfi Airways, Inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis of its

help with 6-4 please
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image text in transcribed
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Exercise 6-4 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) $40,000 Variable costs Fuel $17,210 Snacks and drinks 760 Landing fees 2.100 Supplies and forms 1,050 21,120 Contribution margin 26,880 Fixed costs Depredation 2.900 Salaries 15,260 Advertising 400 Airport hanger fees 1,600 20,160 Net income $6,720 nment Calculate the break even point in dollars. * Break-even point LINK TO TEXT X Your answer is incorrect. Try again. Calculate the break-even point in number of passenger flights. Break-even point flights LINK TO TEXT your answer is incorrect. Try again. Without calculations, determine the contribution margin at the break-even point. Brekeninginn Break-even point LINK TO TEXT Your answer is partially correct. Try again. 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 fights (1) How much would net income be impacted by this change? Increases Net Income to s (2) Should the ticket price decrease be adopted? Click If you would like to Show Work for this question: Doen Show Work

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