Calculating Costs (With Answers) Page 15
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28Step 1: Calculate Percent Revenue WORKSHEET E
Compare Annual Expenses to Revenue
Column A
Column B
Column C
Expenses
Actual Cost
Total Revenue
% Revenue
1. Food
a
2. Paper Supplies
b
3. Labor
c
4. Other Labor
d
5. Equipment
e
6. Overhead
f
7. Miscellaneous
8. Total
9. Carryover (+)/Loss(-)
a
Paper includes paper products used in food sales
b
Labor includes permanent full-time, part-time and substitute wages and benefits,
such as FICA, health insurance and Worker's Comp
c
Other Labor includes temporary wages
d
Equipment includes large and small equipment
e
Overhead includes utilities, office expenses and sanitation service
f
Miscellaneous includes all other expenses not previously listed
QUESTION:
When Column C is totaled, is the percent of revenue greater than 100
percent?
YES / NO
In this example, the percent of revenue is greater than 100 percent, which means
the program is losing money.
Refer to the next page for the completed worksheet.
CHALLENGE:
In addition to the percent of revenue for each expense, you must have
an accurate analysis of daily program costs. To achieve this, the actual cost of each
annual expense must be converted to a daily cost. Turn to the next page to determine
daily costs.
Calculating Costs - 15
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