Question 10 What are the budgeted salaries? (Use the following data to answer this question) 10.000,000 100.0 ,200,000 32.00 200 000 otal Direct Cost Gross Profi 000,00090.00 1,000,00010.00 Auto and Truck 150,000 150 60,000 100,000 1.00 237,000 237 Insurance (Work in 20,000 xpense 567 000 5.6 (Bui Insurance Interest Reet 3,000 0.03 20,000020 300,000 3.00 44,000 Other F Total Fixed 10,000 010 483,000 48 10.50 Net Profit (before 50,0000.50 Other Budget Data for 2016 1. The owners expect a minimum return on investment (before tax) of 27.78% for 2016. 2. Anticipated increase in fixed operating expense includes $1,000 to contribution, $2,000 to rent, $5,000 to auto and truck insurance, $45,000 to salaries, and $2,000 to other fixed cost 3. Material cost is expected to decrease as vendors try to liquidate stock built during the earlier construction boom. The cost decrease should result in a decrease in relationship to revenue in the amount of 3%. Subcontract costs should also decrease as subcontractors scramble for work. The expected decrease in relationship to revenue is2 5. No other changes to cost structure %. O $55,000 OS300,000 O 150,000 O $345,000