What is the budgeted ratio of material to earnings? (Use the following data to answer this question) Other Budget Data for 2016 : 1. The owners expect a minimum return on investment (before tax) of 27.78% for 2016 . 2. Anticipated increase in fixed operating expense includes $1,000 to contribution, $2,000 to rent, $5,000 to auto and truck insurance, $45,000 to salaries, and $2,000 to other fixed cost. 3. Material cost is expected to decrease as vendors try to liquidate stock built during the earlier construction boom. The cost decrease should result in a decrease in relationship to revenue in the amount of 3%. 4. Subcontract costs should also decrease as subcontractors scramble for work. The expected decrease in relationship to revenue is 2%