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Food sales $ 950,000 Other revenue 5% of total revenue Expenses: Fixed Variable* Labor $ 100,000 10% Cost of sales $ - 35% Supplies $
Food sales | $ 950,000 |
Other revenue | 5% of total revenue |
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. |
- 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.
- Prepare the operating budget for 20X8. (9 points)
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