Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need the break even point, the number of units to be sold at the break even point for each product and the mix of

i need the break even point, the number of units to be sold at the break even point for each product and the mix of sales units determined
image text in transcribed
image text in transcribed
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. $48,000 Fare revenues (400 passenger fights) Variable costs Fuel Snacks and drinks Landing fees Supplies and forms Contribution margin Fixed costs Depreciation Salaries Advertising Airport hanger fees Net income $17,778 730 1.800 1.100 21,408 26,592 3,050 14,190 600 1.550 19,390 $7.202 x Your answer is incorrect. Calculate the break-even point in dollars. Break-even point $ 287.04

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sovereign Debt Crisis The New Normal And The Newly Poor

Authors: D. Chorafas

1st Edition

0230298400, 9780230298408

More Books

Students also viewed these Accounting questions

Question

How has the competition changed within the last three years?

Answered: 1 week ago

Question

What lessons can be learned from such cases?

Answered: 1 week ago