monthly budget of $5,000
lABOR $1,835 what percentage of the monthly budget is spent on labor?
Miscellaneous items 1,015 what percentage of the total monthly budget is spent on miscellaneous,
Material 18% how much do material cost?
Rent & Utilities 25% how much do rent& utilities cost monthly.
HELP PLEASE. THANK YOU!!
Budget=5000
Labour=1835, percentage = (1835/5000)*100%=36.7%
Miscellaneous can be calculated similarly.
Material 18%. Cost = $5000*(18/100)=$900.
Rent and utilities can be calculated similarly.
To find the percentage of the monthly budget spent on labor, you divide the labor cost by the total budget and multiply by 100.
Percentage spent on labor = (Labor cost / Total monthly budget) * 100
So, in this case, the labor cost is $1,835 and the total budget is $5,000.
Percentage spent on labor = ($1,835 / $5,000) * 100
= 0.367 * 100
= 36.7%
Therefore, 36.7% of the monthly budget is spent on labor.
To find the percentage of the total monthly budget spent on miscellaneous items, you divide the miscellaneous cost by the total budget and multiply by 100.
Percentage spent on miscellaneous = (Miscellaneous cost / Total monthly budget) * 100
In this case, the miscellaneous cost is $1,015.
Percentage spent on miscellaneous = ($1,015 / $5,000) * 100
= 0.203 * 100
= 20.3%
Therefore, 20.3% of the total monthly budget is spent on miscellaneous items.
To calculate the cost of materials, you need to know the total budget. The information given only mentions that materials account for 18% of the budget but doesn't provide the actual budget amount.
If you have the total budget, you can calculate the material cost as follows:
Material cost = Total budget * 18%
= Total budget * 0.18
For example, if the total budget is $5,000:
Material cost = $5,000 * 0.18
= $900
So, if the total budget is $5,000, then the material cost would be $900.
Similarly, to calculate the cost of rent and utilities, you need to know the total budget. If the total budget is $5,000 and rent and utilities account for 25% of the budget:
Rent and Utilities cost = Total budget * 25%
= Total budget * 0.25
Rent and Utilities cost = $5,000 * 0.25
= $1,250
Therefore, if the total budget is $5,000, then the cost of rent and utilities would be $1,250.