Calculating Costs (With Answers) Page 6
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28Activity
Use the following scenario to identify the revenue per meal from lunch:
■ Paying students are charged $1.50 for lunch and adults pay $2.25.
■ Reduced meal students pay 40 cents for lunch.
■ Column B is already completed with sample Federal reimbursement
rates. Column C has not been completed with state/local reimbursement
rates as this varies from state to state and may not be available. When
completing this exercise for your district, fill in your state/local rate and
*
current Federal reimbursement rate ( ).
Step 2: Identify Revenue per Reimbursable Lunch
Complete the worksheet on page 7 with the per meal cash and reimbursement received
for each student category and adult meal sales to identify the total revenue generated
by each type of meal served.
Column A
Column B
Column C
Column D
Column E
Record the amount
The Federal
The value per
Record state and/or
Add across to
charged for lunch to
reimbursement
meal of
local
determine the
students in each
received for each
commodities
reimbursement
total revenue
category and the
meal category
has been
received per meal
received for
price of each adult
has been
recorded.
for each student
each meal
meal.
recorded.
category.
category.
*
Some states may receive state matching funds for a total amount for the year. This reimbursement
would be divided by the total number of meals served and substituted for the state/local reimbursement
amount listed in the example.
Calculating Costs - 6
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