Jada runs a restaurant in an East Coast city that specializes in African-American cuisine. She has compiled her sales and cost data from last year, and she wants to develop a budget for the coming year. She has projected the following increases for next year: Meals served Projected Increases (or Decreases) 3% Fixed Labor Selling price per meal 2% Variable Labor Cost of food 5% Fixed Other expenses -2% 7% 0.5% Variable Other expenses 2.5% Using this information, help Jada complete her budget. Meals Served Selling Price per Meal Last Year Budget 122,000 $12.25 Last year's food cost per meal: Last year's food cost per meal + estimated increase: Estimated cost of food this year: Last year's variable labor cost per meal: Last year's var. labor cost per meal + estimated increase: Last year's variable other cost per meal: Last year's var. other cost per meal + estimated increase: Revenue Food Expense Last Year $ Last Year % Budget SBudget % $1,494,500.00 $640,500.00 Fixed Labor Expense $112,400.00 Variable Labor Exp. $402,600.00 $144,875.00 $100,040.00 Fixed Other Expenses Variable Other Exp. Total Expenses Profit The owner of the restaurant has requested that Jada make at least 6.5% profit for this year. Based on her budget figures, is she likely to meet this goal? What can she do to try to reach her profit goal? Regardless of your answer above: Briefly describe at least THREE ideas to help Jada meet her goal? (Be sure to provide some specific suggestions, eg. Not just decrease labor expenses.) a. b. 1 C.