Calculating Costs (With Answers) Page 14
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28Analyze Annual Revenue
It is essential to know the source of your program’s greatest expenses. Comparing
each annual expense category to your total annual revenue shows which expense
categories may need adjustments.
Activity
Use the following sample figures to identify the percent of
annual revenue each annual expense represents
Food costs
$175,000
Temporary wages
$3,500
Wages
$130,000
Paper supplies
$9,000
Benefits
$35,000
Equipment
$8,000
Utilities
$22,000
Miscellaneous cost
$4,000
Sanitation
$18,000
Annual Total Revenue
$400,000
Column A
Column B
Column C
Record annual actual cost for
Record annual
For Lines 1-8 divide the actual
each expense item and total
total revenue; this
expense cost by total revenue,
on Line 8. Note definitions of
number will be
multiply by 100 to determine
expenses footnoted below
repeated on Lines
percent revenue. ROUND TO
chart.
1-8 of Column B
THE NEAREST WHOLE
NUMBER.
To identify carryover/loss refer to Line 8 (Column A and B). Subtract the smaller
number from the larger number and enter in Line 9 Column A. If actual cost exceeds
total revenue, a loss (-) results. If revenue exceeds costs, a carryover (+) is shown.
Calculating Costs - 14
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Parent category: Education