 |
Estimating Food Expenses: Cost Per Serving Method |
|
STEP I. Calculate the average cost per serving per child using several meals served throughout the year. |
||||
|
|
Breakfast |
Lunch |
Snack |
Dinner |
|
Meal #1 |
$0.96 |
$2.07 |
$0.55 |
$1.81 |
|
Meal #2 |
$0.74 |
$1.95 |
$0.40 |
$1.93 |
|
Meal #3 |
$1.07 |
$1.50 |
$0.44 |
$1.61 |
|
Meal #4 |
$1.03 |
$1.68 |
$0.61 |
$1.97 |
|
Total |
$3.80/ |
$7.20/ |
$2.00/ |
$7.32/ |
|
|
4 meals= |
4 meals= |
4 meals= |
4 meals= |
|
Average per meal cost |
$0.95 |
$1.80 |
$0.50 |
$1.83 |
1/3 cup cereal x 4 children = 1 1/2 cups (1/5 of $7.25 box) = $1.45
1 cup milk x 4 = 4 cups (1/2 of $2.50 gallon) = $1.25
1/2 can frozen orange juice ($1.45) = $.73
4 slices of bread ($1.40 per loaf x 80%) = $.28
2 tablespoons of butter = $.13
Total: $3.84 divided by 4 children = $.96 average per child
|
STEP II. Calculate number of meals served per year. |
|||
|
|
Food Program Reimbursed Meals |
Non Food |
Total Meals |
|
Breakfast |
750 |
0 |
750 |
|
Lunch |
1,250 |
0 |
1,250 |
|
Snack |
1,250 |
1,250 |
2,500 |
|
Dinner |
0 |
48 |
48 |
|
STEP III. Multiply average meal cost by number of meals served. |
|||
|
Breakfast |
750 X $0.95 = |
712.50 |
|
|
Lunch |
1,250 X $1.80 = |
2,250.00 |
|
|
Snack |
2,500 X $0.50 = |
1,250.00 |
|
|
Dinner |
48 X $1.83 = |
87.84 |
|
|
|
$ 4,300.34 |
||
|
Total estimated food expense: $4,300 |
|
||
This handout was produced by Think Small (www.thinksmall.org).
For Tom’s entire publications visit: NAFCC Store (NAFCC members receive a discount)
Tom Copeland This email address is being protected from spambots. You need JavaScript enabled to view it. Phone: 801-886-2322 (ex 321)
Facebook - http://www.facebook.com/tomcopelandblog
Blog - http://www.tomcopelandblog.com
"Become a member of the National Association for Family Child Care, (http://www.nafcc.org/) and receive monthly business e-newsletters, discounts on books by Tom Copeland, IRS audit help, and much more."
