Assume that The AM Bakery is preparing a budget for the month ending December 31. Management prepares the budget for the month ending December 31 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 December. THE AM BAKERY Bakery sales Actual and Budgeted Costs For the Month Ending August 31 Ingredients Flour Butter 011 Fruit Nuts Chocolate Other Total ingredients Labor Channel manager Other Utilities Rent Marketing Total bakery costs Revenues Actual $ 3,980 3,580 1,780. 1,380 980 880 480 $ 13,060 $ 5,300 10,780 2,720 3,920 200 $ 35,980 53,000