Davis Blades

The Professional Model

Monthly Income Statement: North Central Region
Revenue
Units Sold
Price per Unit
Total Revenue
Variable Expenses
Units Produced
Material Cost per Unit
Total Material Cost
Manufacturing Cost per Unit
Manufacturing Expenses
Total Variable Expense
Fixed Expenses
Leasing
Salary and benefits
Advertisement
Administrative
Total Fixed Expense
Summary
Total Expenses
Operating Income

1,200
$198

1,200
$50
$30
$36,000

$10,000
$90,000
$10,000
$10,000

Calculate Total Expenses and Operating Income based on the above data

Tyler Family Budget: 1/1/2006 - 12/31/2006

MONTHLY TOTALS
1/1/2006 2/1/2006 3/1/2006 4/1/2006 5/1/2006 6/1/2006 7/1/2006 8/1/2006
Income
Amanda
Joseph
Total
GrandTotal
Expenses
Rent
Food
Utilities
Phone
Loan Payments
Car Payments
Insurance
Miscellaneous
Entertainment
Tuition
Books
Total
Surplus
GrandTotals

2,400
850

2,400
850

2,400
850

2,400
850

2,400
850

2,400
1,650

2,400
1,650

2,400
1,650

850
607
225
58
150
175
50
140
192
2,000
520

850
657
210
63
150
175
50
191
160
0
0

850
613
200
63
150
175
50
171
172
0
0

850
655
175
63
150
175
50
135
166
0
0

850
644
150
59
150
175
50
171
185
0
0

850
761
130
59
150
175
50
272
310
0
0

850
699
145
64
150
175
50
146
155
0
0

850
672
165
63
150
175
50
182
164
2,200
572

Calculate Total Income and Total Expenses for every month and surplus income for every month
Calculate Grand Totals for income and expenses

9/1/2006

10/1/2006

11/1/2006

12/1/2006

2,400
850

2,400
850

2,400
850

2,400
850

850
683
175
64
150
175
50
144
132
0
0

850
609
175
58
150
175
50
140
150
0
0

850
642
190
78
150
175
50
147
162
0
0

850
606
220
112
150
175
50
213
200
0
0

Payroll Information
Today's Date
Health Plans

Premier
Standard

$6,500
$5,500

Health Insurance

3%

Total Salaries
Total Health Insurance

Employee
Abbot
Anderson
Baker
Clausen
Czechiski
Dawes
Dearborn
Derks
Eagleton
Evans
Fawkes
Freeborn
Gregson
Hadyn
Holloway
Igu
Jaggart
Jones
Jankowski
Karls
Lee, J.
Lee, H.
Mankowski
Miller
Nywatt
Orton
Pi
Ramirez
Sanchez
Shapiro
Thomson
Wu, A.
Wu, T.

Date Hired Years

2/28/2002
12/31/1993
12/31/2004
6/1/1999
4/30/2000
1/31/2002
4/30/1989
3/31/2006
3/31/2006
5/1/2003
11/30/2000
7/31/1994
7/31/1996
6/30/1998
8/31/2005
4/30/2006
9/30/2004
5/1/2003
11/1/1995
12/31/1998
3/31/2000
5/31/2002
8/31/2005
7/31/2004
11/30/2005
3/1/1999
2/29/2000
5/1/2003
12/1/1999
6/30/1998
12/31/1993
4/1/1999
8/1/2003

Salary
$50,000
$65,000
$22,500
$41,000
$43,000
$21,500
$81,000
$39,000
$39,000
$41,500
$49,500
$61,500
$65,000
$52,500
$38,000
$44,500
$41,500
$41,500
$71,500
$55,500
$31,500
$37,500
$44,500
$42,500
$29,500
$34,500
$39,000
$42,500
$61,500
$52,500
$59,500
$42,500
$69,500

Health Plan
Premier
Premier
Standard
Standard
Standard
Standard
Premier
Standard
Standard
Premier
Premier
Premier
Premier
Standard
Standard
Standard
Premier
Standard
Premier
Premier
Standard
Standard
Premier
Standard
Standard
Standard
Standard
Premier
Premier
Premier
Premier
Standard
Premier

Enter todays date in cell B2

Calculate no of yrs completed by each employee in column "yrs"
Calculate health insurance - 3% of salary
Calculate total salaries in B7 and calculate total health insurance in B8

Health Insurance

ealth Insurance