re I https/ ntm3week Ti problems 0 Problem 12-21 Dropping or Retaining a Flight [L012-21 Profits have been decreasing for several years at Pegasus Airlines In an effort to improve the company's performance, the thinking about dropping several fights that appear to be unprofitable A typical income statement for one round-trip of one such flight (flight 482) is as follows Ticket menue (165 seats+ 40% occupancy-5210 ticket price) Variable expenses ($19.88 per person) Contribution margin Flight expenses: $13,868 100. 12,66 91% Salaries, flight crew s 1,888 Flight promotion Depreciation of aircraft Fuel for aircraft Liability insurance Salaries, flight assistants Baggage loading and flight preparation Overnight costs for flight crew and assistants at 1,680 5,680 4,880 1, 500 2,800 5e0 18,590 destination Total flight expenses Net operating loss S (5,984) ? The following additional information is available about flight 482 a Members of the flight crew are paid fixed annual salaries, whereas the flight assistants are paid based on the number o they complete. b. One-third of the liabilty insurance is a special charae assessed egalinst flight 482 beceuse in the opinion of the insuran to search TOSHIBA