THE AM BAKERY Bakery Sales Actual Costs For the Month Ending November 30 Ingredients Flour Butter Oil Fruit Nuts Chocolate Actual $ 5,100 4,740 2,125 1,600 1,250 1,080 480 Other Total ingredients Labor Channel manager Other $ 16,375 $ 5,050 14,260 2,475 3,675 Utilities Rent Marketing 225 Total bakery costs $ 42,060 Revenues $ 71,275 Required: a. Prepare a statement that compares the budgeted and actual costs for November. b. Suppose that you have limited time to determine why actual costs are not the same as budgeted costs. Which three cost items would you investigate to see why actual and budgeted costs are different?