Cali Grill, Inc.

Income Statement

(in thousands, except per share data)

Year ended December 31, 2021

Food and beverage revenue $ 7,457,169

Delivery service revenue 89,892

Total revenue 7,547,061

Restaurant operating costs (exclusive of depreciation

and amortization shown separately below):

Food, beverage and packaging 2,308,631

Labor 1,917,631

Occupancy 416,606

Other operating costs 1,197,054

General and administrative expenses 606,854

Depreciation and amortization 254,657

Pre-opening costs 21,264

Impairment, closure costs, and asset disposals 19,291

Total operating expenses 6,742,118

Income from operations. 804,943

Interest and other income, net 7,820

Income before income taxes 812,763

Benefit/(Provision) for income taxes. (159,779)

Net income. $ 652,984

Earnings per share:

Basic $ 23.21

Diluted $ 22.90

Weighted-average common shares outstanding:

Basic 28,132

Diluted 28,511

Required:

Based on data Cali Grill's income statement

1. Calculate total variable cost.

2. Calculate total fixed cost.

3. Determine break-even point.

4. Calculate the cost-volume-profit (CVP).