Carreras Caf is a Spanish restaurant in a college town. The owner expects that the number of meals served in June will be 40 percent below those served in May, because so many students leave for the summer. In May, the restaurant served 5,100 meals at an average price of $20. In the summer (June through August), the average price of a meal typically increases by 35 percent and the average food cost of a meal increases by 15 percent. Other costs are typically unchanged during the summer. The following cost information is available for May. Service costs (variable with respect to meals) Variable service costs (with respect to meals) Food costs Labor Other variable costs Fixed service costs $10,800 16,800 5,800 9,100 Total service costs $42,500 Marketing and administrative costs Marketing (variable with respect to meals) Administrative (fixed) 6,400 4,200 Total marketing and administrative costs $10,600 Total costs $53,100 Required: eases by 15 percent. Other costs are typically unchanged during the summer. The following cost information is available for May. Service costs (variable with respect to meals) Variable service costs (with respect to meals) Pood costs Labor Other variable costs $10,800 16,800 5,800 Fixed service costs 9,100 Total service costs $42,500 Marketing and administrative costs Marketing (variable with respect to meals) Administrative (fixed) 6,400 4,200 Total marketing and administrative costs Total costs $10,600 $53,100 Required: Prepare a budgeted income statement for June. (Do not round Intermediate calculations.) Carreras Caf Budgeted Income Statement the month of June Total service costs Other variable costs Fixed service coats Marketing and administrative costs Administrative (fixed) 5,800 9,100 $42,500 Marketing (variable with respect to meals) 6,400 4,200 Total marketing and administrative costs Total costs $10,600 $53,100 Required: Prepare a budgeted income statement for June. (Do not round intermediate calculations.) Service costs: Carreras Cafe Budgeted Income Statement For the month of June Total service costs 0 $ 0 Next