Project #41156 - solve problems and graph in break even chart.

 

Below are some costs for having a flying club that operates a single Cessna 152.

How many flight hours would your plane need to fly, given these expenses and costs, before it would Break-Even?

Use a rental rate of $100/hour. (assume that both the Hobbs and Tach hours are the identical, for this problem).

Show your work to solve the problem.

Prepare a Break-Even chart or graph to complete the assignment. Show VC, VC and Revenue lines. Keep dollars on the vertical axis, hours on the horizontal.

 Take the original FC and VC information.
 
    Add these to your computations

1.    You will charge dues of $10/month per club member.
2.    Your goal is to add 5 new members per month, but your starting out with no member.
3.    Your instructors will charge $35/hour, of which you will take $10/hour.
4.    50% of all of the flight hours on the plane will be with flight instructors on board giving instruction.
5.    Non-members are charged $110/hour for the airplane, members are charged $100/hour.
6.    You conclude that in the first year, 50% of all of the flight hours will be flown by non-members.

QUESTION:  At what point will you Break-Even ?
        (a)     # of Flight Hours to do so, and 
        (b)     how long will that take if your aircraft flies the following # hours per month.
                MONTH        HOURS FLOWN
            (1)    January              10
            (2)    Feb                    30
            (3)    March                40
            (4)    April                   60
            (5)    May                    80
            (6)    June                 100
            (7)    July                   120
            (8)    August              110
            (9)    Sept                   90
            (10)    October            80
            (11)    Nov                   60
            (12)    Dec                  40    
                  TOTAL               820

        ( c)     Prepare a B-E graph for this problem.

 

Subject Mathematics
Due By (Pacific Time) 09/26/2014 12:00 am
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