Assumptions and Ratios 2019 Projected of Cookies Sold 445,463 verage Price of Cookies 2.65 Material Cost of Goods Sold % 40.1% abor Cost of Goods Sold % 14.7% tilities Expense as % of Sales 3.3% Manager Salary PT&B Expense as % of Manager Salary Expense 31.0% ourly Wage PT&B Expense as % of Hourly Wage Expense 6.2% Marketing Expense as % of Sales 1.3% rofessional Services Expense as % of Sales 2.5% office Supplies and Misc Supplies Expense as % of Sales 0.2% epairs and Maintenance Expense as % of Sales 0.7% surance Expense as % of Sales 0.6% quipment Depreciation Life 10 terest Rate on Loan 8.0% ax Rate 25.0% ays of Inventory (Material Cost of Goods Sold) 13.1 ays of Accounts Payable (Material Cost of Goods Sold) 47.8 chips ncome Statement 2019 Projected evenue $ 1,182,139 laterial Cost of Goods Sold 474,036 abor Cost of Goods Sold 173,828 otal Cost of Goods Sold 647,864 Gross Margin 534,275 ross Margin % 45.2% perating Expenses ease Expense 114,480 Itilities Expense 39,222 Manager Salary Expense 156,060 Manager Salary PT&B Expense 48,376 lourly Wage Expense 81,840 lourly Wage PT&B Expense 5,074 Marketing Expense 15,566 rofessional Services Expense 29,633 office Supplies and Misc Supplies Expense 2,444 epairs and Maintenance Expense 8,497 surance Expense 7,161 epreciation Expense 13,390 otal Operating Expenses 521,743