Question

you have 92,084 in sales (revenue). your expenses are made up of the following line items: payroll 36%, supplies &materials 41%, contracted services 1.5%, and miscellaneous expenses 3.5%. the remaining is gross profit which we call fund balance. based on the above information, what is the amount in dollars that you can project to allocate to total expenses

Answer 1

Determine the total percent expenses made on the items.

$\begin{gathered} E=36+41+1.5+3.5 \\ =82 \end{gathered}$

Determine the 82% of 92,084 to obtain the amount allocated to total expenses.

$\begin{gathered} \frac{82}{100}\times92084=0.82\times92084 \\ =75508.88 \end{gathered}$

Thus, ount allocated to total expenses is (in dollars) $75508.88.