In: Accounting
Food sales | $ 950,000 |
Other revenue | 5% of total revenue |
Expenses: | Fixed | Variable* |
Labor | $ 100,000 | 10% |
Cost of sales | $ - | 35% |
Supplies | $ - | 5% |
Energy | $ 12,000 | 3% |
Marketing | $ 5,000 | 4% |
Maintenance | $ 12,000 | 2% |
Property taxes | $ 4,000 | |
Depreciation | $ 15,000 | |
Property insurance | $ 5,000 | |
Rent | $ 3,500 | |
* As a percentage of food sales. |
1. Operating budget for 2018 -
Operating Budget for 2018 | ||
Particulars | Amount $ | Amount $ |
Food sales | 950,000 | 95% |
Other revenue | 50,000 | 5% |
Total Revenue | 1,000,000 | 100% |
Expenses | Fixed | Variable |
Labor | 100,000 | 95,000 |
Cost of sales | - | 332,500 |
Supplies | - | 47,500 |
Energy | 12,000 | 28,500 |
Marketing | 5,000 | 38,000 |
Maintenance | 12,000 | 19,000 |
Property taxes | 4,000 | |
Depreciation | 15,000 | |
Property insurance | 5,000 | |
Rent | 3,500 | |
Total Expenses | 156,500 | 560,500 |
Operating Profit | 283,000 |