Exercise 6-4 (Part Level Submission) 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. $48,000 $ 16,780 710 2,000 1,150 Fare revenues (400 passenger flights) Variable costs Fuel Snacks and drinks Landing fees Supplies and forms Contribution margin Fixed costs Depreciation Salaries Advertising Airport hanger fees Net income 20,640 27,360 2,950 13,810 300 1,750 18,810 $8,550 (al) Your answer is correct. Calculate the break-even point in dollars. Break-even point 33000 (a2) Your answer is correct. Calculate the break-even point in number of passenger flights. Break-even point 275 flights (b) Your answer is correct. Without calculations, determine the contribution margin at the break-even point. Break-even point 18810 (c) 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? Net income (2) Should the ticket price decrease be adopted