Please explain in details since its part of my final. Thank you for your big help.

Chapter 8: Cost-Volume-Profit GRAPH PAPER provided in separate PDF, or use your own Do all three parts including the Graph. Remember the graph will have 2 to 4 lines depending on how you choose to draw it Follow the PPT discussion from class Lines that you need to show on the graph. Label your lines, label the X and Y axis (required) Sales Revenue Line (required) Total Cost Line (optional) Fixed Cost Line (optional) Variable Cost Line Remember: you need two points to define a line and then just use your ruler to extend it Remember: the Y Axis (vertical) shows the Revenue and Cost, the X-Axis shows the Level of Activity, whether we are SLOW or BUSY. In this case, use Sales as the measure of Level of Activity. Ignore the $14 average guest information as I am NOT asking anything about guest count, seat turnover, etc. Just concentrate on using the our CVP formulas and bottoms up and our graphing skills Here is the information vou need to calculate break-even and to draw your graph. A restaurant with an average check of $14 per guest has the following average monthly figures Sales re venue $700,000 Part C. Graph Variable costs 434,000 the C-VP Lines 168,000 Fixed costs a. What is breakeven sales revenue? b. If actual sales revenue was $640,000, what would the restaurant's op- erating income be? On your Graph make sure to Show the $700,000 Level, the Break-even Level of sales, and the $640,000 Level of Sales