Fill in the missing data for each of the following independent cases. (Ignore income taxes.) Sales...

 

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Fill in the missing data for each of the following independent cases. (Ignore income taxes.) Sales Variable Total Fixed Net Break-Even Revenue Expenses Contribution Margin Expenses Income Sales Revenue 1. ? $40,000 ? $30,000 ? $40,000 2. $80,000 ? $15,000 ? ? 80,000 3. ? 40,000 80,000 ? $50,000 ? 4. 110,000 22,000 ? ? 38,000 ? Exercise 7-24 Pizza Delivery Business; Basic CVP Analysis (LO 7-1,7-2, 7-4) College Pizza delivers pizzas to the dormitories and apartments near a major state university. The company's annual fixed expenses are $40,000. The sales price of a pizza is $10, and it costs the company $5 to make and deliver each pizza. (In the following requirements. ignore income taxes.) Required: 1. Using the contribution-margin approach, compute the company's break-even point in units (pizzas). 2. What is the contribution-margin ratio? 3. Compute the break-even sales revenue. Use the contribution-margin ratio in your calculation. 4. How many pizzas must the company sell to earn a target profit of $65,000? Use the equation method. Fill in the missing data for each of the following independent cases. (Ignore income taxes.) Sales Variable Total Fixed Net Break-Even Revenue Expenses Contribution Margin Expenses Income Sales Revenue 1. ? $40,000 ? $30,000 ? $40,000 2. $80,000 ? $15,000 ? ? 80,000 3. ? 40,000 80,000 ? $50,000 ? 4. 110,000 22,000 ? ? 38,000 ? Exercise 7-24 Pizza Delivery Business; Basic CVP Analysis (LO 7-1,7-2, 7-4) College Pizza delivers pizzas to the dormitories and apartments near a major state university. The company's annual fixed expenses are $40,000. The sales price of a pizza is $10, and it costs the company $5 to make and deliver each pizza. (In the following requirements. ignore income taxes.) Required: 1. Using the contribution-margin approach, compute the company's break-even point in units (pizzas). 2. What is the contribution-margin ratio? 3. Compute the break-even sales revenue. Use the contribution-margin ratio in your calculation. 4. How many pizzas must the company sell to earn a target profit of $65,000? Use the equation method.