(Solved): Wonderland Preschool operates a not-for-profit morning preschool that operates eight months of the y ...

Wonderland Preschool operates a not-for-profit morning preschool that operates eight months of the year. The preschool has 162 kids enrolled in its various programs. The preschool's primary expense is payroll. Teachers are paid a flat salary each of the eight months as follows: View salary data. View additional information. Requirements Prepare WonderlandPreschool's monthly operating budget. Round all amounts to the nearest dollar. Using your answer from Requirement 1, create WonderlandPreschool's budgeted income statement for the entire eightschoochyear. You may group all operating expenses together. WonderlandPreschool is a not-for-profit preschool. What might the preschool do with its projected income for the year? Requirement 1. Prepare Wonderland Preschool's monthly operating budget. Round all amounts to Wonderland Preschool Budgeted Monthly Operating Expenses Teachers' salary: 2-day program 3-day program 4-day program 5-day program Director salary Total salary expense Payroll tax expense Lease expense Fixed operating expenses Variable operating expenses Total monthly operating expenses Help me solve this Video Get more help - Additional information In addition to the salary expense, the preschool must pay federal payroll taxes (FICA taxes) in the amount of

of salary expense. The preschool leases its facilities from a local church, paying

every month it operates. Fixed operating expenses (telephone, internet access, bookkeeping services, and so forth) amount to

per month over the eight-month school year. Variable monthly expenses (over the eight-month school year) for art supplies and other miscellaneous supplies are

per child. Revenue for the entire eight-month school year from tuition, registration fees, and the lunch program is projected to be

.

Teachers of two-day program ....... $438 per month Teachers of three-day program ...... $ $642 per month Teachers of four-day program ...... $856 per month Teachers of five-day program .......

per month Preschool director's salary .........

per month WonderlandPreschool has 8two-day program teachers, 4three-day