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What is the contribution margin at the break-even point

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Question - 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 forms 1,100 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

Required - What is the contribution margin at the break-even point?

Reference no: EM132699654

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