Rainbow Travel Agency specializes in fights between Toronto and Jamaica. It books passengers on Milton Air. Rainbow's fixed costs are $28,500 per month. Milton Air charges passengers $1,100 per round-trip ticket. Read the requirement Begin by selecting the formula to calculate the breakeven points. 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 Rainbow Travel Agency specializes in flights between Toronto and Jamaica. It books passengers on Milton Air. Rainbow's fixed costs are $28,500 per month. Milton Air charges passengers $1,100 per round-trip ticket. Read the requirement. Case 1: Rainbow's variable costs are $36 per ticket. Milton Air pays Rainbow 6% commission on ticket price. Rainbow must sellickets to break even and tckts to meet the target operating income Case 2: Rainbow's variable costs are $28 per ticket. Milton Air pays Rainbow 6% commission on ticket price. sickets to break even andic Rainbow must sell tickets to meet the target operating income Case 3: Rainbow's variable costs are $28 per ticket. Milton Air pays $47 fixed commission per ticket to Rainbow. Comment on the results Rainbow must selltickets to break even and tickets to meet the target operating income When comparing Case 3 to Case 2, the commission sizably V the breakeven point and the number of tickets required to yield a target operating income of $12,000 Case 4: Rainbow's variable costs are $28 per ticket. It receives $47 commission per ticket from Milton Air. It charges its customers a delivery fee of $6 per ticket. Comment on the results tickets to break even and tickets to meet the target operating income. When comparing Case 4 to Case 3, the $6 delivery fee results in acontribution margin which income of $12,000 Vboth the breakeven point and the number of tickets sold to attain operating