I'd appreciate your help on this question.

A Toronto based restaurant (named ST) prepared a simplified version of its income statement as follows:

Revenues $2,098 400 Cost of sales, all variable 1 246 500 Gross Prot 851,900 Operating expenses Variable 222,3 80 Fixed 170 700 Administrative, all xed 451 500 Net Income $ 7,320 The average dinner tab at ST is $40, and the average lunch tab is $20. Assume that the variable cost of preparing and serving the dinner is also twice that of a lunch. The restaurant serves twice as many lunches as dinners. Assume that the restaurant is open 305 days a year. Required: 1. Compute the daily break-even volume in lunches and dinners for ST. 2. Compare your computation in 1 above to the actual volume reected in the income statement