review my cost sheet for a food truck project

I have a project about opening a food truck and I have to fill in the cost sheet, I answered almost everything but I’m not sure if my numbers are correct, I need you to review my calculations and number and feel free to edit anything that is not correct, also step 4 is not yet complete, it needs two more things.side note:we estimate that it will take 2 minutes to cook one meal and the price of one meal is about $6.35
acct_2110_food_truck_step_2.docx

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Please determine all costs related to your food truck business using the following forms.
Assume CSULA charges $4,000 per month, which include the permit to open a food
truck on campus, as well as the electricity and water usage on the food truck.
1. Direct material costs: list the materials you need for the product and identify the
costs of each material. For simplicity purpose, gasoline costs or shipping costs are
included in the overhead costs. Please take a picture of the real price tag in a
supermarket and post the picture in the form. (Please change the size of your
picture to fit the form.) Water does not count as material since water fee is
included in the monthly charge of CSULA. Do not forget paper plates, etc. Hint:
if the amount is too small, we count it as indirect materials in the overhead.
Material
Cost per Meal
Resource
Picture
Item
Burger Bun
$0.25
8 for $4.49 at
Target
$0.05
Mayo
30 OZ for $4.69 at
Target
Ketchup
$0.05
32 OZ for $3.99 at
target
Onions
$0.10
$0.99 per onion at
target
Beef patties
$2.20
4 patties for $6.49
at target
Soda
$1.00
1 L bottle for $1.89
at target
Tomatoes
$0.10
$1.99 tomatoes per
lb at vons
Lettuce
$0.05
$1.59 per lettuce at
vons
cheese
$0.50
12 OZ for 2.79 at
vons
Fries
$2
26 OZ for $1.87 at
target
2. Direct labor costs: determine the labor cost per unit by calculating the labor cost
per hour and the time needed to cook one meal. Note: if only the group members
work on the food truck and the members only share the profit of the food truck as
an owner, then you can count direct labor cost as zero.
Direct Labor Cost per Meal
Calculation
$0.40/meal
Minimum wage: $12.00/hr
Meal prep: .033 hrs/meal
DLC: $.40/meal
3. Overhead cost: list the overhead costs of your food truck: $4,000 charge of
CSULA; gasoline costs/shipping costs of materials; depreciation/rent of the food
truck and the cookware, trash bags, etc. (Limited to 5 items.)
Overhead Cost Item
Cost per Meal/Cost per
Resource
Month (Please specify)
paper plates
$200/ per month
55ct for $4.19 at target
napkins
$150/ per month
300ct for $3.12 at target
gasoline
$500/ per month
chevron
trash bags
$300/ per month
20ct for $6.49 at target
Cups
$160/ per month
72ct for $4.29 at target
4. Selling and Administrative Cost: advertising costs; computer/ipad;
marker/supplies, etc. (Limited to 5 items.)
Selling and Administrative Cost Item
Cost per Meal/Cost per Month (Please
specify)
Flyers
$10/Month
Manager/Supervisor
$1440/Month (15/hr)
Cashier
$1152/Month (12/hr)

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