Price Increases Part I: Restate the following income statement and complete the data below if there...

    

Transcribed Image Text:

Price Increases Part I: Restate the following income statement and complete the data below if there is a price increase of 10% in the food menu. The increase is from the start to the end of the financial period. If necessary, carry percentages to one decimal (xx.x%). a. Sales VC CM FC IBIT Restated Income Statement: b. Sales VC C M FC IBI T Sales Mix Percentages: Food Beverage c. Contribution Income Statement Food $350,000 217,000 $133,000 $ Food Beverage $150,000 42,000 $108,000 Beverage 16 3 Total $500,000 259,000 241,000 200,000 $ 41,000 $_ Total Part II: Restate the original income statement in Part I and complete the data below if instead of a price increase of 10% there is a 10% volume increase in the food operation. The increase is from the start to the end of the financial period. Assume there is no relative change to beverage volume. If necessary, carry percentages to one decimal (xx.x%). a. Restated Income Statement: b. Sales VC C M FC IBI T Sales Mix Percentages: Food Beverage c. Contribution Margin Dollars: Food Beverage Total d. Contribution Margin Percentages: Food Food Beverage $ 16 7 $ Total Beverage Weighted Price Increases Part I: Restate the following income statement and complete the data below if there is a price increase of 10% in the food menu. The increase is from the start to the end of the financial period. If necessary, carry percentages to one decimal (xx.x%). a. Sales VC CM FC IBIT Restated Income Statement: b. Sales VC C M FC IBI T Sales Mix Percentages: Food Beverage c. Contribution Income Statement Food $350,000 217,000 $133,000 $ Food Beverage $150,000 42,000 $108,000 Beverage 16 3 Total $500,000 259,000 241,000 200,000 $ 41,000 $_ Total Part II: Restate the original income statement in Part I and complete the data below if instead of a price increase of 10% there is a 10% volume increase in the food operation. The increase is from the start to the end of the financial period. Assume there is no relative change to beverage volume. If necessary, carry percentages to one decimal (xx.x%). a. Restated Income Statement: b. Sales VC C M FC IBI T Sales Mix Percentages: Food Beverage c. Contribution Margin Dollars: Food Beverage Total d. Contribution Margin Percentages: Food Food Beverage $ 16 7 $ Total Beverage Weighted