Use the August information from the Work Together above. An income statement for Cherie’s Pizza is included in the Working Papers. Work independently to complete this problem.

1. Calculate the breakeven point in sales dollars and unit sales for August.

2. Prepare a breakeven income statement for August of the current year.

Data from Work Together

An income statement for Cherie’s Pizza is included in the Working Papers. Your instructor will guide you through the following examples.
Use the following information to calculate the breakeven point in sales dollars and unit sales for July. The August information will be used to complete the On Your Own below.

Prepare a breakeven income statement for July of the current year.

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Net Sales Unit Sales Price Contribution Margin Total Fixed Costs Unit Variable Cost July $60,000.00 August $80,000.00 $8.00 $8.00 $12,000.00 $10,000.00 $8,000.00 $8,000.00 $6.40 $7.00