Play Place Preschool operates a not-for-profit morning preschool that operates eight months of the year. The preschool has 164 kids enrolled in its various programs. The preschool's primary expense is payroll. Teachers are paid a flat salary each of the eight months as follows: (Click the icon to view salary data) (Click the icon to view additional information) Requirements 1. Prepare Play Place Preschool's monthly operating budget. Round all amounts to the nearest dollar 2. Using your answer from Requirement 1. create Play Place Preschool's budgeted income statement for the entire eight-month school year. You may group at operating expenses together 3. Play Place Preschool is a not-for-profit preschool. What might the preschool do with its projected income for the year? Requirement 1. Prepare Play Place Preschool's monthly operating budget, Round all amounts to the nearest dollar. (Round amounts to the nearest dollar) Play Place Preschool Salary data Budgeted Monthly Operating Expenses Teachers' salary 2-day program Teachers of two-day program $432 per month Teachers of three-day program 3660 per month 3-day program Teachers of four-day program 5884 per month 4-day program Teachers of five-day program $1,070 per month Preschool director's salary $1,650 per month 5-day program Play Place Preschool has 7 two-day program teachers, 3 three-day Director salary program teachers, 3 four-day program teachers, and 4 five-day program teachers. The preschool also has a director Total salary expense Payroll tax expense Print Lease expense Done Fixed operating expenses Variable operating expenses Total monthly operating expenses More Info X 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 its facilities from a local church, paying $5,000 every month it operates Fixed operating expenses (telephone, Internet access, bookkeeping services, and so forth) amount to 5890 per month over the eight-month school yew Variable monthly expenses (over the eight month school year) for art supplies and other miscellaneous supplies are 59 per child. Revenue for the entire eight month school year from tuition, registration fees, and the lunch program is projected to be $246,400 Print Done Enter any number in the edit fields and then click Check Answer Check Answer . Clear All