Item Budget Actual % of Budget

Meal’s Served $ 5,450 $ 5,100 93.58 %

Revenue $ 8,600 $ 8,600 100 %
Food Expenses $ 3,000 $ 2,800 93.33 %
Labor Expenses $ 4,500 $ 3,900 86.67 %
Other Miscellaneous $ 8,400 $ 7,700 91.67 %
Expenses
Total Expenses $ 15,000 $ 14,400 93.82 %
Profit $ 6,400 $ 5,800 90.62 %

Leo Patrick A. Cabrigas HM-1E

Activity 2: Understanding the Budget

Formula: Actual /budget= sum x 100= %of budget

Meal’s Served =
5,100/5450 =0.9357 x100= 93.58 %

Revenue=
$ 8,600/$ 8,600= 1x100= 100%

Food Expenses=
2,800/3,000= 0.9333 x 100= 93.33 %

Labor Expenses=
3,900/4,500= 0.8666 x 100= 86.67 %

Other Miscellaneous Expenses=

7,700/ 8,400= 0.9166 x 100= 91.67 %

Total Expenses
Budget:
$ 3,000
$ 4,500
+ $ 8,400
$ 15,000
Actual Budget:
 $ 2,800
$ 3,900
+$ 7,700
$ 14,400

Profit:
budget/actual: revenue – total expenses= profit
8,600-15,600= 6,400 / 8,600-14,400= 5,800
Divide the sum of the; actual/budget to get the percentage; : Actual /budget= sum x 100=
%of budget
5,800/6400= 0.90625 x 100= 90.62 %