Project 2 You work for XYZcom. Prepare an operational budget for the next financial year using the Profit and Loss statement for the year just past. Use the following assumptions: 1. Cartage and freight are 10% of income. 2. Cost of sales is 20% of income. 3. You only employ casual staff for production and wages per product are 20% of income for that product. 4. Wages on cost (superannuation, payroll tax, workcover etc) is 15% of production and management salaries). 5. Product 1 will decrease in sales from 1 January by 20%. 6. Product 2 will decrease in sales from 1 January by 10%. 7. Product 3 will increase in sales in sales from 1 July by 30%. 8. Product 4 will increase in sales from 1 January by 50%. Project 2 You work for XYZcom. Prepare an operational budget for the next financial year using the Profit and Loss statement for the year just past. Use the following assumptions: 1. Cartage and freight are 10% of income. 2. Cost of sales is 20% of income. 3. You only employ casual staff for production and wages per product are 20% of income for that product. 4. Wages on cost (superannuation, payroll tax, workcover etc) is 15% of production and management salaries). 5. Product 1 will decrease in sales from 1 January by 20%. 6. Product 2 will decrease in sales from 1 January by 10%. 7. Product 3 will increase in sales in sales from 1 July by 30%. 8. Product 4 will increase in sales from 1 January by 50%