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 fares) $46,500variable costs fuel $16,315 snacks and drinks 770 landing fees 1,800 supplies and forms 1,110 19,995contribution margin 26,505fixed costs depreciation 2,940 salaries 14,196 advertising 420 airport hanger fees 1,710 19,266net income $7,239(a) calculate the break-even point in (1) dollars and (2) number of fares. (round answers to 0 decimal place, e. g. 1,225.)1. break-even point $image for comfi airways, inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis2. break-even point image for comfi airways, inc., a small two-plane passenger airline, has asked for your assistance in some basic analysisfares(b) without calculations, determine the contribution margin at the break-even point. break-even point $image for comfi airways, inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis(c) if fares were decreased by 10%, an additional 100 fares could be generated. however, total variable costs would increase by 20%. (round answers to 0 decimal place, e. g. 1,) how much would net income be impacted by this change? net income image for comfi airways, inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis decreases / increases to $image for comfi airways, inc., a small two-plane passenger airline, has asked for your assistance in some basic analysis(2) should the fare decrease be adopted? no / yesshow transcribed image textexpert answer