Pizza Palace only sells Pizza Packages for 150.00 each. They are a Pizza Catering Operation. 

Un-jumble the following income statement and answer the questions below.

 

Interest 3,000

 

Advertising expenses 3,600

 

Cost of Dough 5,000

 

Rent 10,000

 

Legal Retainer 3,000

 

Cost of Sauce 10,000

 

Taxes 12,120

 

Pizza sales 160,000

 

Administration expenses 4,000

 

Cleaning Service expenses 2,000

 

Cost of Sausage 20,000

 

Calzone sales 29,000

 

Salaries and Wages 65,000 (40% Fixed)

 

Cost of Cheese 20,000

 

Depreciation 1,500

 

Chicken Sales 31,000

 

Refunds to Customers 5,000

 

Cost of Pepperoni 3,000

 

Benefits 15,000 (35% Fixed)

 

Allowances on Pizza Contracts 3,000

 

1. Perform the Sales, Cost, Volume equation

 

2. What is VR?

 

3. What is CR?

 

4. What is Breakeven is dollars?

 

5. What is Sales in dollars if Profit increases 8,000?

 

6. What is Sales in Dollars if Profit is 40,000?

 

7. What is Break-even in Units? Average Sales Price per customer is 150.00

 

8. What is Sales in Units based on question 5? Average Sales Price per customer is 150.00

Answer rating: 100% (QA)

To unjumble the income statement we can organize the information given Pizza sales 160000 Calzone sales 29000 Chicken Sales 31000 Interest 3000 Advert... View the full answer