What is the total budgeted fixed operating expense? (Use the following data to answer this question) 100.00 Labor 1,600,00016.00 4,000,000 40.00 3.200,000 32.00 Other Direct Cost Total Darect Cost Gross 9,000,000 | 30,00 1000,000 10.00 Variable Operatin Auto and Truck 150,0001.50 60,000 0.60 1.00 237,000 2.37 Work in 100,000 insurance (Work in Ober Variable Expense Foxed 20,000 7,000 50000.05 000 0.72 ,0000.03 0.29 20,000 0.20 12,0 9,000 Interest Rent 44,000 300,000 3.00 0.10 83,000 4.83 1,050,000 10.30 50,0000.50 10,000 Total Other Budget Data for 2016: The owners expect a minimum return on investment (before tax) of 27.78% for 2016. 2. 1 Anticipated increase fixed operating expense includes $1,000 to contribution, $2,000 to rent. $5,000 to auto and truck insurance, $45,000 to salaries, and $2,000 to other fixed cost 3. Material cost is expected to decrease as vendors try to liquidate stock built during the earlier construction boom. The cost decrease should result in a decrease in relationship to revenue in the amount of 3%. 4. Subcontract costs should also decrease as subcontractors scramble for work. The expected decrease in relationship to revenue is 2% 5. No other changes to cost structure. O $538,000 O S493,000 O $483,000 O $536,000