Homework: Ch. 9 MyAcctgLab Assignment Save Score: 0 of 1 pt 0 5 of 9 (3 complete) HW Score: 18.8%, 1.69 of 9 pts E9-26A (similar to) Question Help O Wonderland Preschool operates a not-for-profit morning preschool that operates eight months of the year. Wonderland has 192 kids enrolled in its various programs. Wonderland's primary expense is payroll. Teachers are hired so that there are no more than eight kids per teacher. Teachers are paid a flat salary each of the eight months as follows: (Click the icon to view the salary data.) A (Click the icon to view additional information.) . Requirements 1. Prepare Wonderland Preschool's monthly operating budget. Round all amounts to the nearest dollar. 2. Using your answer from Requirement 1, create Wonderland Preschool's budgeted income statement for the entire eight-month school year. Assume that the operating revenue is $281,280. You may group all operating expenses together. 3. Wonderland is a not-for-profit preschool. What might Wonderland do with its projected income for the year? A More Info Requirement 1. Prepare Wonderland Preschool's monthly operating budget. (Round your answers to the nearest wh| Wonderland Preschool In addition to the salary expense, Wonderland must pay payroll taxes in the amount of 7.55% of salary expense. Budgeted Monthly Operating Expenses Wonderland Isases its facilities from a local church, paying S4.080 every month it operates. Fixed operating Teachers' salary: expenses (telephone, Intemet access, bookkeeping services, and so forth) amount to $890 per month over the eight-month school year. Variable monthly expenses (over the eight-month school year) for art supplies and other Two-day program miscellaneous supplies are $10 per child. Revenue for the entire eight-month school year from tuition and Three-day program registration fees is projected to be $281,280. Four day program i Salary data Five-day program Print Done Director salary Total salary expense Payroll tax expense Lease expense Fixed operating expenses Teachers of two-day program: $436 per month Teachers of three-day program: $654 per month Teachers of four-day program: $880 per month Teachers of five-day program: $1.070 per month Preschool director's salary: $1,550 per month Wonderland has 9 two-day program teachers, 5 three-day program teachers, 7 four-day program teachers, and 3 five-day program teachers. Wonderland also has one director Variable operating expenses Enter any number in the edit fields and then click Check Answe ? Print Done 3 parts remaining Check
