i want answer

Page 2 APPENDIX I 2017 BUDGET FOR THE CAPITAL PORTRAITS STUDIO Revenue Studio fees Note Ottawa $260,000 Gatineau 130,000 W N - Digital images and prints 585,000 Total revenue 975,000 Variable costs Photography 195,000 Digital images and prints 351,000 Total variable costs 546,000 Contribution margin 429,000 Operating costs 300.000 Expected income before tax $129,000 Notes: 1. The Ottawa location expected 500 studio sessions at $400 each and 30 weddings at $2,000 each. 2. The Gatineau location was expected to bring in 50% of the Ottawa location's revenue in its first year. 3. Revenue from digital images and prints was budgeted at 150% of studio fee revenues. 4. Variable costs for a studio session total $200. Variable costs for a wedding session are $1,000 5. Production costs were expected to be 60% of the digital images and prints revenue