Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pizza Palace Pizza Palace only sells Pizza Packages for 1 5 0 . 0 0 each. They are a Pizza Catering Operation. Un - jumble

Pizza Palace
Pizza Palace only sells Pizza Packages for 150.00 each. They are a Pizza Catering Operation.
Un-jumble the following income statement and answer the questions below.
Interest 3,000
Advertising expenses 3,600
Cost of Dough 5,000
Rent 10,000
Legal Retainer 3,000
Cost of Sauce 10,000
Taxes 12,120
Pizza sales 160,000
Administration expenses 4,000
Cleaning Service expenses 2,000
Cost of Sausage 20,000
Calzone sales 29,000
Salaries and Wages 65,000(40% Fixed)
Cost of Cheese 20,000
Depreciation 1,500
Chicken Sales 31,000
Refunds to Customers 5,000
Cost of Pepperoni 3,000
Benefits 15,000(35% Fixed)
Allowances on Pizza Contracts 3,000
1. Perform the Sales, Cost, Volume equation
2. What is VR?
3. What is CR?
4. What is Breakeven is dollars?
5. What is Sales in dollars if Profit increases 8,000?
6. What is Sales in Dollars if Profit is 40,000?
7. What is Break-even in Units? Average Sales Price per customer is 150.00
8. What is Sales in Units based on question 5? Average Sales Price per customer is 150.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting For Management

Authors: Paresh Shah

2nd Edition

0198077033, 978-0198077039

More Books

Students also viewed these Accounting questions