Prepare the operating budget for lucky

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Reference no: EM133032643

Using the data and the Excel budget worksheet provided below, prepare the operating budget for Lucky's for January through March of the upcoming year. Also, here is the information you determined from the most recent sales and costs records:

-Week 7 Assignment.xlsx
-Sales are 10 percent higher than those of the same month during the previous year.
-Food cost percentage is steady at 32 percent.
-Fixed labor costs are steady at $9,000 per month.
-Variable labor costs are 15 percent of sales.
-Occupancy costs will remain steady at $2,000 per month.
-Other controllable costs are expected to be $10,000 per month.
-Marketing costs have been fixed at $1,000 per month.
-For January, February, and March of last year, Lucky's sales revenues were as follows:
-January: $60,000
-February: $50,000
-March: $55,000

Reference no: EM133032643

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