What is the budgeted profit (before tax) being planned by the Sunshine Restaurant for the current year, given the following information? (Round all calculations to hundredth (.00)

Food sales: $820,000

Beverage sales: $290,000

Cost of food: 36 percent of food sales

Cost of beverages: 24 percent of beverage sales

Salaries and wages: 24 percent of total sales

Employee benefit: 25 percent of total salaries and wages

Other controllable expenses: $95,000

Depreciation: $65,500

Interest: $55,000

Occupancy costs: $56,000

Answer Worksheet

Sunshine Restaurant
BUDGET YEAR 20XX
Sales
	Food
	Beverage
	Total Sales
Cost of Sales
	Food
	Beverage
	Total Cost of Sales
Gross Profit
Controllable Expenses
	Salaries and Wages
	Employee Benefits
	Other Controllable Expenses
Total Controllable Expenses
Income Before Occupancy costs Interest, Depreciation, and Income Taxes
Occupancy Costs
Interest
Depreciation
Total
Restaurant Profit