D Question 4 A company sells cakes for special occasions. It measures its output by the number of cakes produced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Revenue/Cost Revenue Employee salaries and wages Cake ingredients Other expenses Total expenses Net operating income Cost Formula Variable Fixed Cost per Revenue/Cost per Actual Results Month cake $90 $11,776 $1,250 $18. 3,910 $35 4,400 $2,800 2.750 11.060 $716 When the company prepared its planning budget at the beginning of November, it assumed that 125 cakes would be sold. however the actual number of cakes sold in November was 128. For November, the Spending Variances for Cake Ingredients and Other Expenses are: O Cake Ingredients, $25F: Other Expenses, $0. O Cake Ingredients, $80U; Other Expenses. $50F. O Cake Ingredients. $80F; Other Expenses. $50F O Cake Ingredients, $25U; Other Expenses, $50F. 2 pts