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Jolly Travel Agency specializes in flights between Toronto and Jamaica. It books passengers on Oshawa Air. Jolly's fixed costs are $25,500 per month Oshawa Air

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Jolly Travel Agency specializes in flights between Toronto and Jamaica. It books passengers on Oshawa Air. Jolly's fixed costs are $25,500 per month Oshawa Air charges passengers $1,300 per round-trip ticket. Read the requirement. Begin by selecting the formula to calculate the breakeven points. Next, select the formula to calculate the number of tickets needed to meet the target operating income. Quantity of units required to be sold =( ) Contribution margin per unit Now complete the requirement for each of the cases. Begin with case 1. Requirement Calculate the number of tickets Jolly must sell each month to (a) break even and (b) make a target operating income of $19,000 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 $44 per ticket. Oshawa Air pays Jolly 6% commission on ticket price. 2. Jolly's variable costs are $28 per ticket. Oshawa Air pays Jolly 6% 3. Jolly's variable costs are $28 per ticket. Oshawa Air pays $48 fixed commission per ticket to Jolly. Comment on the results. 4. Jolly's variable costs are $28 per ticket. It receives $48 commission per ticket from Oshawa Air. It charges its customers a delivery fee of $10 per ticket. Comment on the results

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