CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT S udy Exercise 19-04 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. Fare revenues (400 passenger flights) $48,000 Variable costs Fuel $17,354 Snacks and drinks 760 Landing fees 2,100 Supplies and forms 1,050 21,264 Contribution margin 26,736 Fixed costs Depreciation 2,900 Salaries 14,595 Advertising 400 Airport hanger fees 1,600 19,495 $7,241 be Cost Net Income Your answer is correct. Calculate the break-even point in dollars. Al Calculate the break-even point in dollars. Break-even point 35000 x your answer is incorrect. Try again. Calculate the break-even point in number of passenger flights. Break-even point 291.67 | flights x Your answer is incorrect. Try again. CO Without calculations, determine the contribution margin at the break-even point. X Break-even point x Your answer is incorrect. Try again. Without calculations, determine the contribution margin at the break-even point. Break-even point dy Your answer is partially correct. Try again. If ticket prices were decreased by 10%, passenger flights would increase by 25%. However, total variable costs would increase by the same percentage as passenger flights. (1) How much would net income be impacted by this change? Dective increases Net income to $1 cost/We (2) Should the ticket price decrease be adopted? Yes Click if you would like to Show Work for this question: Open Show Work