Calculating Costs (With Answers) Page 17
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28Convert Annual Expenses to
Average Daily Costs
Activity
Use 180 days for the number of serving days to
convert annual expenses to average daily costs.
Column A
Column B
Column C
Copy actual cost figures
Write the number of
Divide each actual expense (A) by
from Column A on the
serving days per year
number of serving days (B), record
previous page.
and repeat each
as average daily cost (C). ROUND
space in Column B
TO NEAREST WHOLE NUMBER.
Step 1: Calculate Average Daily Costs WORKSHEET F
Convert Annual Expenses to Average Daily Costs
A
B
C
Number of
Average Daily
Expenses
Actual Cost
Serving Days
Costs
1. Food
a
2. Paper Supplies
b
3. Labor
c
4. Other Labor
d
5. Equipment
e
6. Overhead
f
7. Miscellaneous
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
Circle Column C. The average daily costs for each expense will be used later in this
section when analyzing the break-even point of the Child Nutrition Program.
Refer to the next page for completed worksheet.
Calculating Costs - 17
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