3 4 The Oasis is a club that offers live entertainment. 5 The average customer spents $100 per evening. 6 The following is the operating statement for the club last year: 7 8 Sales Revenue 9 Cost of Goods Sold 10 Gross Margin 11 12 Entertainer Salaries 1,150,000 546,250 603,750 225,000 13 Rent 9,500 14 Housekeeping 7,250 15 Office Supplies & Admin 500 16 Managers' & Admin Salaries 138,250 22,750 18 Total Operating Expense 403,250 200,500 17 Depreciation 19 Operating Margin 20 21 When setting up the CVP data table, decrease units by 250 per row, use 20 rows. 22 23 1. In the space the the right, complete a Data Sheet and CVP Data Table to 24 reflect the information above. [4] 25 26 2. Use your data sheet and CVP data table to answer the following: 27 28 i) What is the breakeven point (include units)? [1] 29 30 31 ii) Adjust your data sheet to reflect a 10% increase in Revenues and a 20% increase in Entertainer Salaries. [2] 32