Bobs Beverages

UnJumble this Income Statement and put in the proper format

Cost of Beer 20,000

Insurance Expense 2,800

Returns 1,000

Rent Expense 8,000

Food Sales 25,000

Administrative Expense 5,000

Cost of food 5,000

Liquor Sales 150,000

Coffee/Tea Sales 25,000

Marketing Expense 2,500

Taxes 1,200

Cost of Coffee/Tea 6,000

Allowances 2,000

Legal Expense 4,500

Wine Sales 42,000

Salaries and Wages (61% Fixed) 75,000

Depreciation Expense 2,600

Maintenance Expenses 8,000

Cost of Liquor 40,000

Beer Sales 50,000

Benefits (22% Variable) 17,000

Cost of Wine 18,000

Interest Expense 1,300

Make an income statement from the problem above

1. What is the Sales Cost Volume Equation using the figures from the income statement?