Question 7 of 7 1.5 I 2 '5 View Policies Show Attempt History Current Attempt in Progress Com Airways, Inc., a small twoplane passenger airline, has asked for your assistance in some basic analysis of its operations. Both planes seat 10 passengers each, and theyr y commuters from Com's base airport to the major city in the state, Metropolis. Each month, 40 rou ndtrip ights are mad e. Shown below is a recent month's activity in the form of a costvolumeprot income statement. Fare revenues (400 passenger ights} $48,000 Variable costs Fuel 35 15,126 Snacks and drinks 780 Landing fees 2,000 Supplies and forms 1,150 19,056 Contribution margin 28,944 Fixed costs Depreciation 2,900 Sal a ries 13,?43 Advertising 500 Airport hanger fees 1,550 18,693 Net income $10,251 \fV Your answer is correct. Without calculations, determine the contribution margin at the breakeven point. Breakeven point $ 18,693 eTextbook and Media Solution Attempts: 3 of 3 used (C) If ticket prices were decreased by 10%, passenger ights would increase by 25%. However, total variable costs would increase by the same percentage as passenger ights. (1) How much would net income be impacted by this change? Netincome increases V t0$ [2} Should the ticket price decrease be adopted? v eTextbook and Media H . .. 4-- .L.____t__n_...____4