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At the start of 2021, the Macaron Fine Food Company budgeted before-tax income as follows: Sales $649,000 Less: Material cost $118,000 Labor cost 259,600

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At the start of 2021, the Macaron Fine Food Company budgeted before-tax income as follows: Sales $649,000 Less: Material cost $118,000 Labor cost 259,600 Owner's salary 76,700 Rent 64,900 Depreciation 53,100 Utilities 25,960 598,260 Income before taxes $50,740

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