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Exercise 6-4 (Part Level Submission) Comfi Airways, Inc., a small two-plane passenger airline, has asked for...

Exercise 6-4 (Part Level Submission) Comfi Airways, Inc., a small two-plane passenger airline, has asked for your assistance(a1) Your answer is correct. Calculate the break-even point in dollars. Break-even point 33000 $(a2) Calculate the break-even point in number of passenger flights. Break-even point flights

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 20,640 27,360 2,950 13,810 300 1,750 18,810 $8,550 Net income
(a1) Your answer is correct. Calculate the break-even point in dollars. Break-even point 33000 $
(a2) Calculate the break-even point in number of passenger flights. Break-even point flights
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ReportAnswer #1

Break even point = Fixed cost/Contribution margin per flight

Contribution margin per flight = 27,360/400 = 68.40

= 18,810/68.40

= 275 flights

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