The London Docks Caf Planning and actual budgets for the month ended December 31st, 2020 PLANNING ACTUAL Budgeted meals quantity (9) 20 000 18 000 Revenues (5.00q) 100 000 90 000 Expenses: Raw material (2.50q) 50 000 45 000 Wages and salaries (5 500+0.259) 10 500 10 000 Utilities (2 500 + 0.059) 3 500 3 400 Facility rent 5 000 5 500 Insurance 2 800 3 200 Fuel 2 500 2 800 Net Operating Income 25 700 20 100 Required: a) Outline the objectives of budgeting and explain how London Docks Caf benefits from engaging in robust budgetary processes? (15 marks) b) Prepare a report showing London Docks Cafe's revenue and spending variance for December? (20 marks) c) Based on the variances report you prepared in (b) above, which area/s of activity should be of concern to the management of London Docks Caf? Explain (25 marks) d) Explain the terms profitability and sustainability. Assess and advise the London Docks Caf on the measures they should adopt to ensure attainm of both mandates. (30 marks)