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