Teaching students to budget for a business can be tricky. Start with something they can relate to like a school club. This activity is perfect for modeling the budgeting process. Included in this product: a scenario with club income and expenses are detailed in a Microsoft PowerPoint Presentation (3 slides total), a printable Microsoft Word budget template, and a key for teachers. Students will differentiate fixed and variable costs, use basic math skills, and determine percentage of the budget each expenses represents.
Use this activity for modeling and then have students work in groups to create a budget for an event with the Catering an Event: Food Truck Budget Project
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