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3. The following is a pro forma income statement for Crazy Harry's: Crazy Harry's Pro Forma Income Statement $96,000 Sales 46,240 Cost of Goods Sold
3. The following is a pro forma income statement for Crazy Harry's: Crazy Harry's Pro Forma Income Statement $96,000 Sales 46,240 Cost of Goods Sold Gross Profit Fixed Expenses $2,400 Rent Insurance 3,000 Salaries 16,500 1,100 Taxes Miscellaneous Fixed Expenses 900 Total Fixed Expenses Variable Expenses $11,200 Wages Salaries 16,500 Taxes 1,100 Miscellaneous Fixed Expenses 900 Total Fixed Expenses Variable Expenses $11,200 Wages Advertising 5,700 Benefits 2,800 Other Variable Expenses 1,120 Total Variable Expenses Net Profit Fill in the four blanks of the above income statement here (4pts): Gross Profit (Sales-COGS): Total Fixed Expenses: Total Variable Expenses: Net Profit: Calculate Crazy Harry's break-even point (6pts): Variable Costs (Variable expenses+COGS): Contribution Margin: Break-Even Point
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