Problem 2 Bonnie's Bakery Un-jumble this Income Statement (Put in proper format) Cost of Flour Utilities Taxes Sales Retums Cake Sales Labor (Variable 45%) Depreciation Cost of Milk Smoothie Sales Insurance Cost of Ingredients Advertising Interest Cost of Coffee (liquid) Pie Sales Rent Sales Allowances Cost of Fruit Benefits (Fixed 55%) Legal Coffee Sales 10,000 10,000 4,500 3,000 136,250 125,000 5,000 30,000 20,000 1,000 5,000 21,000 2,000 50,000 101,250 6,000 3,000 5,000 50,000 3,000 100,000 1. Design an Income Statement from the above items and what is profit or loss? 2. Perform the Sales Cost Volume equation 3. What is VR ? 4. What is CR? 5. WHAT is Breakeven in Dollars? 6. If profit decreases 20,000, what is Sales in Dollars? 7. If profit increases 20,000, what is Sales in Dollars? 8. If $50 is the sales per unit, what is the Break even in Units? 9. If $50 is the sales per unit, what is the Sales in Units if profit increases 35,000? Problem 2 Bonnie's Bakery Un-jumble this Income Statement (Put in proper format) Cost of Flour Utilities Taxes Sales Retums Cake Sales Labor (Variable 45%) Depreciation Cost of Milk Smoothie Sales Insurance Cost of Ingredients Advertising Interest Cost of Coffee (liquid) Pie Sales Rent Sales Allowances Cost of Fruit Benefits (Fixed 55%) Legal Coffee Sales 10,000 10,000 4,500 3,000 136,250 125,000 5,000 30,000 20,000 1,000 5,000 21,000 2,000 50,000 101,250 6,000 3,000 5,000 50,000 3,000 100,000 1. Design an Income Statement from the above items and what is profit or loss? 2. Perform the Sales Cost Volume equation 3. What is VR ? 4. What is CR? 5. WHAT is Breakeven in Dollars? 6. If profit decreases 20,000, what is Sales in Dollars? 7. If profit increases 20,000, what is Sales in Dollars? 8. If $50 is the sales per unit, what is the Break even in Units? 9. If $50 is the sales per unit, what is the Sales in Units if profit increases 35,000