Using the income statement, the Manager of the Niagara Bistro calculates his total fixed costs to be $665,856 21 Niagara Bistro INCOME STATEMENT YEAR ENDED DECEMBER 31, 20XX Sales Food $1,615,252 84 Beverage $505,265 84 Total Sales $2,120,518 68 Cost of Sales Food $410,685 32 Beverage $106,582 25 T...

Break even Point Fixed Cost 66585621 58817366 Contributio ...

Using the income statement, the Manager of the Niagara Bistro calculates his total fixed costs to be

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Question:

Using the income statement, the Manager of the Niagara Bistro calculates his total fixed costs to be $665,856.21

Niagara Bistro
	INCOME STATEMENT
	YEAR ENDED DECEMBER 31, 20XX

Sales
	Food	$1,615,252.84
	Beverage	$505,265.84
	Total Sales		$2,120,518.68
Cost of Sales
	Food	$410,685.32
	Beverage	$106,582.25
	Total Cost of Sales		$517,267.57
Gross Profit			$1,603,251.11
Controllable Expenses
	Salaries and Wages	$412,402.64
	Employee Benefits	$103,100.66
	Other Controllable Expenses	$281,830.00
Total Controllable Expenses			$797,333.30
Income Before Occupancy costs			$805,917.81
Interest, Depreciation, and Income Taxes
Occupancy Costs		$77,230.00
Interest		$25,600.00
Depreciation		$79,099.00
Total			$181,929.00
Restaurant Profit			$623,988.81

Based upon this, compute the following information, and fill in the blanks for each question below.

Total Contribution Margin $

Total Contribution Margin %

When calculating breakeven dollars for the Bistro use four (4) decimal places when using the B/E formula. For example, if you are to use 39.54 %, as a decimal use .3954 in the formula. Do not enter $ signs, commas or % signs for your answers in this question. Simply enter numbers.