"xxxx it is then!", what does it really mean?

Every now and then, I hear others say "xxxx it is then", e.g. "10:30am it is then", "$200 it is then", I myself sometimes say this too, as a means to confirm some arrangement I suspect I did not hear correctly.

Is confirmation actually the supposed use of such expressions?


Solution 1:

It is a summation that confirms an agreed-upon time, amount, or other article of negotiation.

In the following it is pizza:

A: What should we get for dinner?
B: How about pizza?
A: Pizza it is, then!

(A is probably going to pick up the phone and place an order at this point.)