Assume that The AM Bakery is preparing a budget for the month ending November 30, Management prepares the budget by starting with the actual results for August that is shown below. Then, management considers what the differences in costs will be between August and November THE AM BAKERY Bakery sales Actual and Budgeted costs For the Month Ending August 31 Actual Ingredients Flour $ 3,924 Butter 3.524 Oil 1,772 Fruit 1,372 Nuts 924 Chocolate 920 Other 520 Total ingredients $ 12,956 Labor Channel manager $ 4,800 Other 10, 760 utilities 2.520 Rent 3, 720 Marketing 200 Total bakery costs $ 34,956 Revenues 52,500 Management expects revenue in November to be a percent higher than in August, and it expects all ingredient costs (0.9., flour, butter, and so on) to be 25 percent higher in November than in August. Management expects "other" labor costs to be 30 percent Management expects revenue in November to be 30 percent higher than in August, and it expects all ingredient ca butter, and so on) to be 25 percent higher in November than in August. Management expects "other" labor costs to higher in November than in August, partly because more labor will be required in November and partly because em pay raise. The manager will get a pay raise that will increase his salary from $4,800 in August to $5,300 in Novemb and marketing costs are not expected to change. Now, fast forward to early December and assume the following actual results occurred in November Required: a. Prepare a statement that compares the budgeted and actual costs for November. (Negative amounts should be minus sign.) THE AM BAKERY Bakery sales Actual and Budgeted Costs For the Month Ending November 30 Actual Budgeted Difference $ Ingredients Flour Butter Oil + Fruit Nuts 5,010 4,660 2,090 1,610 1,260 1,210 580 Chocolate Other