ICE-3 (Work as a group of 3-4. Submit to Canvas by 02/17/2020, 11:59 PM) Income statement -La Brasserie restaurant $2,098,400 1.246,500 851,900 Average dinner sale price - $40 Average lunch sale price - $20 Assume that the variable cost of preparing and serving dinner is also twice that of a lunch The restaurant serves twice as many lunches as dinners Assume - restaurant open for 305 days Revenues Cost of sales, all variable Gross profit Operating expenses Variable Fixed Administrative expenses, all fixed Net income 222,380 170,940 451,500 7,080 1. Compute the daily break-even volume in lunches and dinners for the restaurant Shortcut formulas: Break-even fixed expenses volume in units unit contribution margin - Break-even volume in sales fixed expenses contribution margin ISE 3004