April $2008$

Production $-$ Jars of sauce $20,000$

Ingredient cost $($variable$)$ $$16,000$

Labor cost $($variable$)9,000$

Depreciation $($fixed$),6,000$

Other $($fixed$)1,000$

Total $$36,000$

Using this information, prepare a budget for May stating the total amount for the May budget. Assume the budget will increase to $25,000$ jars of sauce reflecting anticipated sales increase related to a new marketing campaign

Round to two decimal places.