Expenses:	Fixed	Variable*
Labor	$ 100,000	10%
Cost of sales	$ -	35%
Supplies	$ -	5%
Energy	$ 12,000	3%
Marketing	$ 5,000	4%
Maintenance	$ 12,000	2%
Property taxes	$ 4,000
Depreciation	$ 15,000
Property insurance	$ 5,000
Rent	$ 3,500
* As a percentage of food sales.

1. The Robinson Diner, managed by Ina Fay, needs your assistance in preparing its 20X8 operating budget. Since the diner is a sole proprietorship, it will not pay income taxes. Information is in the Excel.
   1. Prepare the operating budget for 20X8. (9 points)

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