Table 1: Selected Financial Data (actual cost and revenue data for May 2020) Cost Category Behavior May 2020 Sales $766,667 Expenses: Raw Materials Variable $327,934 Bakery labor Mixed $158,767 Administration Salaries Fixed $41,367 Supplies Variable $3,833 Freight & Shipping-In Variable $4,907 Freight & Shipping-Out Variable $64,707 Utilities - Electricity Variable $9,813 Utilities - Gas (ovens) Variable $3,067 Water Variable $920 Repairs & Maintenance Fixed $4,293 Rent expense Fixed $19,167 Telephone & Internet Fixed $2,300 Co-owners' salary Fixed $25,300 Brokers' commissions Variable $30,667 Total Expenses $697,042 Operating Profit $69,625 Income Tax $22,280 Net operating income $47,345 Unit volume 64,500 Average Operating Assets $5,500,000 Minimum Rate of Return 8.00% Notes to Selected Financial Data Raw Materials: Includes main ingredients and flavor additives. Main ingre cost items such as flour, sugar, eggs, nuts and fruit that appear on the pack are relatively low-dollar cost items and a small part of the weight of the pie and certain oils that don't always appear on the package label. laries and ta