Problem - Management expects the number of cookies sold to be 15 percent greater in June than in April, and it expects all food costs (e.g.,flour, eggs) to be 15 percent higher in June than in April. Management expects "other" labor costs to be 20 percent higher in June than in April, partly because more labor will be required in June and partly because employees will get a pay raise. the manager will get a pay raise that will increase the salary from $3,000 in April to $3,750 in June. Rent and utilities are not expected to change.
Prepare a budget for Carmen's Cookies for June.