Required: 3a. Annie's labor cost is what percent of its gross sales? 3b. If the industry benchmark says labor cost should be 30% of gross sales, which of the following statements is true? 4. What is the budgeted net operating income for May? (Hint: Adjust May's net operating cash inflow (outflow) to account for the monthly depreciation expense. As a reminder, the company depreciates $105,000 of noncurrent assets over five years with no salvage value.) Complete this question by entering your answers in the tabs below. Annie's labor cost is what percent of its gross sales? To reach the industry benchmark Annie's would need to increase gross sales while holding the total labor cost constant, or increase al labor cost while holding gross sales constant. To reach the industry benchmark Annie's would need to increase gross sales while holding the total labor cost constant, or decrease al labor cost while holding gross sales constant. To reach the industry benchmark Annie's would need to decrease gross sales while holding the total labor cost constant, or decrease al labor cost while holding gross sales constant. To reach the industry benchmark Annie's would need to decrease gross sales while holding the total labor cost constant, or increase al labor cost while holding gross sales constant. Required information Review the Tableau visualization shown below and then answer the questions that follow. |ll.._. What is the budgeted net operating income for May? (Hint: Adjust May's net operating cash inflow (outflow) to account for the monthly depreciation expense. As a reminder, the company depreciates $105,000 of noncurrent assets over five years with no salvage value.)