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What is the break-even point in number of passenger flights

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Reference no: EM132727578

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
Fuel $17,778
Snacks and drinks 730
Landing fees 1,800
Supplies and forms1,100  21,408
Contribution margin 26,592
Depreciation 3,050
Salaries 14,190
Advertising 600
Airport hanger fees 1,550  19,390
Net income $7,202

Problem 1: What is the break-even point in number of passenger flights?

Reference no: EM132727578

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