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Start by filling in the highlighted items. What is the total dollar amount that this business spent on materials to produce their product? Line Item

Start by filling in the highlighted items. What is the total dollar amount that this business spent on materials to produce their product?

Line Item

Dollars

Percentage

Revenue

1,000,000

100%

Cost of Goods Sold

35%

Total Payroll Cost

330,000

Cost of Occupancy

12%

Other Costs

85,000

Profit

  1. Assume that the revenue was 10% higher. What is the new dollar amount and percentage for Cost of Goods sold?
  2. What is the percentage of total payroll to revenue?
  3. What is the profit expressed both in percentage of revenue and in dollars?

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