The belowpro forma projected income statement was partially completed for a restaurant that should open in...

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The belowpro forma projected income statement was partially completed for a restaurant that should open in 2023. Management would like to see what profitability would be if they could predict a 6.0% increase in total sales. Assume Wages will be treated as a variable cost. What will be the total amount (dollars) of Wages on the new income statement with the 6.0% increase in Total Sales? 2022 Food Sales Beverage Sales Total Sales Food Cost Beverage Cost Total Cost of Sales Gross Profit Operating Expenses Salaries Wages Employee Benefits Overhead Costs Total Operating Expenses Income Before Taxes $ 780,000 644,000 1,424,000 100.0 249,600 148,120 397,720 1,026,280 185,700 210,752 110,800 426,000 933,252 93,028 The belowpro forma projected income statement was partially completed for a restaurant that should open in 2023. Management would like to see what profitability would be if they could predict a 6.0% increase in total sales. Assume Wages will be treated as a variable cost. What will be the total amount (dollars) of Wages on the new income statement with the 6.0% increase in Total Sales? 2022 Food Sales Beverage Sales Total Sales Food Cost Beverage Cost Total Cost of Sales Gross Profit Operating Expenses Salaries Wages Employee Benefits Overhead Costs Total Operating Expenses Income Before Taxes $ 780,000 644,000 1,424,000 100.0 249,600 148,120 397,720 1,026,280 185,700 210,752 110,800 426,000 933,252 93,028

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