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College Pizza delivers pizzas to the dormitories and apartments near a major state university. The company's annual fixed expenses are $58,000. The sales price of a pizza is $10, and it costs the company $2 to make and deliver each pizza. (In the following requirements, ignore income taxes.) Required: Note: Enter your answer as a decimal. Compute the break-even sales revenue. Use the contribution-margin ratio in your calculation. How many pizzas must the company sell to earn a target profit of $64,000? Use the equation method. Break-even point sales dollars. Number of pizzas 4

College Pizza delivers pizzas to the dormitories and apartments near a major state university. The company's annual fixed expenses are $58,000. The sales price of a pizza is $10, and it costs the company $2 to make and deliver each pizza. (In the following requirements, ignore income taxes.) Required: Note: Enter your answer as a decimal. Compute the break-even sales revenue. Use the contribution-margin ratio in your calculation. How many pizzas must the company sell to earn a target profit of $64,000? Use the equation method. Break-even point sales dollars. Number of pizzas 4

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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College Pizza delivers pizzas to the dormitories and apartments near a major state university. The company's annual fixed expenses are $58,000. The sales price of a pizza is $10, and it costs the company $2 to make and deliver each pizza. (In the following requirements, ignore income taxes.) Required: Note: Enter your answer as a decimal. Compute the break-even sales revenue. Use the contribution-margin ratio in your calculation. ..How many pizzas must the company sell to earn a target profit of $64,000? Use the equation method. Break-even point sales dollars. Number of pizzas
Transcribed Image Text:College Pizza delivers pizzas to the dormitories and apartments near a major state university. The company's annual fixed expenses are $58,000. The sales price of a pizza is $10, and it costs the company $2 to make and deliver each pizza. (In the following requirements, ignore income taxes.) Required: Note: Enter your answer as a decimal. Compute the break-even sales revenue. Use the contribution-margin ratio in your calculation. ..How many pizzas must the company sell to earn a target profit of $64,000? Use the equation method. Break-even point sales dollars. Number of pizzas
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