Julie does not have enough money to hire a Managerial Accountant, so she must track herbusiness expenses herself. First think about what type of cosng system would be morebeneficial for Julie. She chooses to use Excel to track all her business transacons. To test thisout, she has prepared an esmate of her purchases for the first month of business below. Thiswill help her have a beter understanding of how to track the flow of her inventory.a. Purchase $10,000 in ingredients (Sugar, Buter, Eggs, Milk, Baking Powder, Flour) and$5,000 in other supplies/materials (Cake Boxes, Latex Gloves for Bakers) to get started.b. Each wedding cake that will require $125 in ingredients, $10 for a cake box, and $15 inother supplies/materials. Julie plans on producing 60 weddings cakes in the first month.c. The wedding cake will take 6 hours to make, and Julie esmates she will pay bakers$20/hr. Julie's salary will be $5000 for the first month.d. Julie expects the first month's ulies to be $500, rent to be $2000, insurance to be$100, and bakery equipment depreciaon to be $1000