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 4,900 meals at an average price of $25. In the summer (June through August), the average price of a meal typically increases by 40 percent and the average food cost of a meal increases by 10 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 Total service costs Marketing and administrative costs Marketing (variable dth respect to seals) Administrative (fixed) Total marketing and administrative costs Totol costs $10,600 17, eee 6,300 9. See $43400 5,300 4.300 $10.900 $54,300 Required: Prepare a budgeted Income statement for June (Do not round intermediate calculations.) Carreras Caf Budgeted Income Statement For the month of June Service costs: Total service costs 60 0 S 0 Marketing and Administrative Total marketing and administrative costs 69 S 0 S 0 minn santa: Administrative (fixed) Depreciation Fixed service costs Food cost Labor s Marketina variable S Marketing and Administrative For the month of June CE inn ronto: Food cost Labor Marketing (variable) Other variable costs Sales revenue S S Marketing and Administrative 1