Part 3 Data (all from Part 1 except for new selling price and syrup cost) Selling price per large Snowie 5.00 Ice per Snowie Spoon straw (need one per Snowie) Styrofoam cup (need one per Snowie) Napkin (need two per Snowie) Servings per gallon of syrup Cost per gallon of syrup (includes concentrate, preservative, and sugar) Hourly rate for workers Event registration fee per day Electricity, insurance, maintenance, and permit costs per month Kiosk rental cost per month Purchase cost of two ice shavers (5-year life) Purchase cost of a flavor station (5-year life) $0.20 $0.02 $0.08 $0.01 28.00 $8.00 $10 $25 $250 $650 $3.180 $1,080 1. Assumptions a. Number of days you anticipate opening the kiosk per month b. Number of hours you will work (no wages required) per day c. Number of hours you will pay an employee to work in the kiosk per day d. Number of Snowies you estimate you will sell on an average day 2. Budgeted contribution margin income statement for one month. Business Name Budgeted Contribution Margin Income Statement For Month Ended July 31 6,900.00 Sales revenue Less variable expenses: Ice expense Spoon straws Styrofoam cups Napkins Syrup Total variable expenses Total contribution margin Less fixed expenses: Wages for workers Event registration fees Kiosk rental cost Depreciation - ice shavers Depreciation - flavor station Total fixed expenses Operating income $ 6,900.00 $ 6,900.00