Jolly Travel Agency specializes in flights between Toronto and Jamaica. It books passengers on Burlington Air. Jolly's fixed costs are $29,500 per month. Burlington Air charges passengers $1,600 per round-trip ticket. Read the requirement. Breakeven number of units = Next, select the formula to calculate the number of tickets needed to meet the target operating income. Quantity of units required to be sold = ( Now complete the requirement for each of the cases. Begin with case 1. Case 1: Jolly's variable costs are $42 per ticket. Burlington Air pays Jolly 10% commission on ticket price. Jolly must sell I tickets to break even and tickets to meet the target operating income. Case 2: Jolly's variable costs are $35 per ticket. Burlington Air pays Jolly 10% commission on ticket price. Jolly must sell | tickets to break even and tickets to meet the target operating income. Case 3: Jolly's variable costs are $35 per ticket. Burlington Air pays $55 fixed commission per ticket to Jolly. Comment on the results. Jolly must sell tickets to break even and tickets to meet the target operating income. V commission sizably the breakeven point and the number of tickets required to yield a target When comparing Case 3 to Case 2, the operating income of $18,000. Case 4: Jolly's variable costs are $35 per ticket. It receives $55 commission per ticket from Burlington Air. It charges its customers a delivery fee of $5 per ticket. Comment on the results. Jolly must sell tickets to break even and ets to meet the target operating income. contribution margin which both the breakeven point and the number of tickets When comparing Case 4 to Case 3, the $5 delivery fee results in a sold to attain operating income of $18,000. Calculate the number of tickets Jolly must sell each month to (a) break even and (b) make a target operating income of $18,000 per month in each of the following independent cases. (Round up to the nearest whole number. For example, 10.2 should be rounded up to 11.) 1. Jolly's variable costs are $42 per ticket. Burlington Air pays Jolly 10% commission on ticket price. 2. Jolly's variable costs are $35 per ticket. Burlington Air pays Jolly 10% commission on ticket price. 3. Jolly's variable costs are $35 per ticket. Burlington Air pays $55 fixed commission per ticket to Jolly. Comment on the results. 4. Jolly's variable costs are $35 per ticket. It receives $55 commission per ticket from Burlington Air. It charges its customers a delivery fee of $5 per ticket. Comment on the results