Suppose that for next year a particular Java Caf store budgeted revenue of $352,000, a 10% increase Requirements over the current revenue of $320,000. Java Caf prepared a plan that included six new budgeted 1. Prepare a performance report for revenues and advertising costs. products and a total advertising budget of $32,000. Actual results were as follows: 2. Suppose the remaining cost elements of net income were not available until several months after the store implemented the plan. New products added The net income results were disappointing to managemen profits declined even though t 35,200 Advertising revenues increased because costs increased by more than revenues. List some factors that might 349,000 Revenues have caused costs to increase so much and that management may not have considered when it formulated the store's plan. Requirement 1. Prepare a performance report for revenues and advertising costs (Label each variance as favorable (F) or unfavorable (U Budget Actual Variance Revenues Advertising cost Net