Great Place Preschool operates a not-for-profit morning preschool that operates nine months of the year. The preschool has 180 kids enrolled in its various programs. The preschool's primary expense is payroll. Teachers are paid a flat salary each of the nine months as follows: E (Click the icon to view salary data.) (Click the icon to view additional information.) Requirements 1. Prepare Great Place Preschool's monthly operating budget. Round all amounts to the nearest dollar. 2. Using your answer from Requirement 1, create Great Place Preschool's budgeted income statement for the entire nine-month school year. You may group all operating expenses together. 3. Great Place Preschool is a not-for-profit preschool. What might the preschool do with ils projected income for the year? Requirement 1. Prepare Great Place Preschool's monthly operating budget. Round all amounts to the nearest dollar. (Round amounts to the nearest dollar.) Great Place Preschool Budgeted Monthly Operating Expenses Teachers' salary: 2-day program 3-day program 4-day program 5-day program Director salary Total salary expense Payroll tax expense Lease expense Fixed operating expenses Variable operating expenses Total monthly operating expenses Great Place Preschool operates a not-for-profit moming preschool that operates nine months of the year. The preschool has 180 kids enrolled in its various programs. The preschool's primary expense is payroll. Teachers are paid a flat salary each of the nine months as follows: E (Click the icon to view salary data.) (Click the icon to view additional information.) Requirements 1. Prepare Great Place Preschool's monthly operating budget. Round all amounts to the nearest dollar. 2. Using your answer from Requirement 1, create Great Place Preschool's budostad income statement for the entire nine month school wear You.mLarun all onerating expenses together. 3. Great Place Preschool is a not-for-profit preschool. What might the presch X Salary data Requirement 1. Prepare Great Place Preschool's monthly operating budget. H Great Place Preschool Teachers of two-day program: S442 per month Budgeted Monthly Operating Expenses Teachers of three-day program: S640 per month Teachers' salary: Teachers of four-day program: : S876 per month 2-day program Teachers of five-day program: $1,045 per month 3-day program Preschool director's salary: $1,200 per month 4 day program Great Place Preschool has 9 two-day program teachers, 3 three-day 5-day program program teachers, 3 four-day program teachers, and 4 five-day program teachers. The preschool also has a director. Director salary Total salary expense Payroll tax expense Print Lease expense Fixed operating expenses Done Variable operating expenses Total monthly operating expenses Great Place Preschool operates a not-for-profit moming preschool that operates nine months of the year. The preschool has 180 kids enrolled in its various programs. The preschool's primary expense is payroll. Teachers are paid a flat salary each of the nine months as follows: (Click the icon to view salary data.) i (Click the icon to view additional information.) Requirements 1. Prepare Great Place Preschool's monthly operating budget. Round all amounts to the nearest dollar. 2. Using your answer from Requirement 1, create Great Place Preschool's budgeted income statement for the entire nine-month school year. You may group all operating expenses together. 3. Great Place Preschool is a not-for-profit preschool. What might the preschool do with ils projected income for the year? S. Requirement 1. Prepare Great Place Preschool's mont - X More Info Great Place Preschool Budgeted Monthly Operating Expenses Teachers' salary: In addition to the salary expense, the preschool must pay federal payroll taxes (FICA taxes) in the amount of 7.65% of salary expense. The preschool leases ils facilities from a local church, paying $4,080 every month it 2-day program operates. Fixed operating expenses (telephone, internet access, bookkeeping services, and so forth) amount to 3-day program seco per month over the nine-month school year. Variable monthly expenses (over the nine-month school year) for art supplies and other miscellaneous supplies are $10 per child. Revenue for the entire nine-month school 4-day program year from tuition, registration fees, and the lunch program is projected to be $244,800. 5-day program Director salary Total salary expense Print Done Payroll tax expense Lease expense Fixed operating expenses Variable operating expenses Total monthly operating expenses Print
