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Laura Mukowski operates a restaurant serving Latin American cuisine. Laura is preparing a profit forecast for next year. Laura s fixed costs are $ 3

Laura Mukowski operates a restaurant serving Latin American cuisine. Laura is preparing a profit forecast for next year. Lauras fixed costs are $350,000 per year and her variable costs are 65 percent of sales. Help Laura estimate next years pretax profits or losses at various sales levels by completing the profit/loss forecast spreadsheet she has developed, then answer the questions that follow.
Lauras Restaurant Profit/Loss Forecast
Revenue forecast $ 900,000 $ 1,000,000 $ 1,100,000 $ 1,200,000
Cost forecast
Variable costs $ 585,000 $ $ $
Fixed costs $ 350,000 $ $ $
Total costs $ 935,000 $ $ $
Pretax profit/loss $ $ $ $
What will be Lauras pretax profit/loss if she achieves sales of $900,000 next year? ___________
What is Lauras forecasted breakeven point in revenue for next year? _____________
What will be Lauras pretax profit/loss if she achieves sales of $1,200,000 next year?

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