So, You Want to be an Entrepreneur?

Generic Hamburger Production

Decisions and Costs

Company Number _________

How many employees will you hire, 2 or 3?
How much will you pay each employee, $6, $7 or $8 per hour?
Wages per hour:  ____ employees X $____ per hour =                        $___________

How much will you pay for rent? 

$2100, $2400 or $3000 per month?
Rent per hour: $________/ 300 hours =                                            $___________

How much will you pay for health benefits, $0, $1, or $2 per hour?

Benefits per hour: _____ employees X $____ per hour =                   $___________

How much will you pay for equipment, $3, $4 or $5 per hour?                  $ __________

How much will you pay for hamburger, $2.00 or $1.20 per lb?

$2.00 is $30 per hour, $1.20 is $18 per hour                                      $ __________

How much will you pay for buns, condiments, misc.?

$9.00, $8.00 or $7.00 per hour?                                                         $ __________

Subtotal                                                                                               $ __________

How much will you pay yourself, $6000, $4500, $3000 or $1500 per month?

$6000 is $20 per hour.
$4500 is $15 per hour.
$3000 is $10 per hour.
$1500 is $5                                                                                        $ __________

Grand Total Cost Per Hour                                                                    $ __________

Divided by 60 to get cost per hamburger                                                $ __________