Here is a business expense breakdown done on excell for those people who want to know how much to charge hourly to be profitable, how much is going to expenses, profits etc.
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Please note I had not updated the first 2 lines on my excel sheet
The actual yearly price for line 1 is $4800 and for line 2 is $3000 (not $3384 and $2160)
Also it changes:
Yearly total from $56,172 to $58,428
Grand Total Yearly from $133,772 to $136,028
These changes did not affect the hourly breakdown as they are properly done
So here is the formula to break down your hourly rates:
Hourly:
=400/35/4
= Monthly Cost / Weekly Paid Hours / 4 Weeks a Month
Yearly:
=400*12
= Monthly Cost * 12 Months a Year
