Business, 23.04.2020 18:22 potatocow

Carreras Café is a Spanish restaurant in a college town. The owner expects that the number of meals served in June will be 40 percent below those served in May, because so many students leave for the summer. In May, the restaurant served 4,300 meals at an average price of $15. In the summer (June through August), the average price of a meal typically increases by 35 percent and the average food cost of a meal increases by 15 percent. Other costs are typically unchanged during the summer. The following cost information is available for May.

Service costs (variable with respect to meals) Variable service costs (with respect to meals) Food costs $ 10,800 Labor 16,300 Other variable costs 5,800 Fixed service costs 9,200 Total service costs $ 42,100 Marketing and administrative costs Marketing (variable with respect to meals) 6,600 Administrative (fixed) 4,400 Total marketing and administrative costs $ 11,000 Total costs $ 53,100

Required:Prepare a budgeted income statement for June.

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Carreras Café is a Spanish restaurant in a college town. The owner expects that the number of meals...

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