Title : Budgeting for Community Service Project During one of your schools community service projects , your group

was asked to help to shop for some groceries to the old folks home. You are required to work out an estimated budget for the purchase of the items. You are required to Make a shopping list of 20 items you use regularly which can be bought at the supermarket. Write down the estimated cost of each item Sum up the estimated prices to estimate the total cost of the items Make a trip to the supermarket and record the actual prices of each item Add up these prices to find the actual total cost Comment on how close your estimate was compared to the actual cost.

Things I bought 1-10 Rice Biscuits Fruits Milo Coffee Peanuts Soft drinks Maggie Mee Vegetables Cracker

Estimated price of these things RM 26 RM 3.50 RM 2 RM 20 RM 15 RM 30 RM 2 RM 5 RM 2 RM 2.50

Things I bought 11-20 Clothes Plates Stools Tin Sardin Fish Towel Toothbrushes Toothpastes Body shampoo Eggs Forks Total: RM 168.30

Estimated price of these things RM 10 RM 4 RM 8 RM 5 RM 5 RM 6 RM 10 RM 7 RM 3.30 RM 2

Things I bought 1-10 Rice Biscuits

Actual price of these things RM 29.50 RM 3.65

Fruits
Milo Coffee Peanuts Soft drinks Maggie Mee Vegetables Cracker

RM 1.03
RM 29.80 RM 21.20 RM 2.95 RM 1.04 RM 4.99 RM 1.20 RM 2.10

Things I bought 1-10 Clothes Plates

Actual price of these things RM 12 RM 4.10

Stools
Tin Sardin Fish Towel Toothbrushes Toothpastes Body shampoo Eggs Forks

RM 7.80
RM 5.20 RM 4.80 RM 5.60 RM 7.80 RM 7.20 RM 3.10 RM 2.20

Total: RM 180.66

Total of estimated price is RM 168.30

Total of actual price is RM 180.66 Different between estimated price and actual price is= RM 180.66RM168.30= RM 12.36

The total of the estimate cost is RM 168.30 and the actual cost is RM 180.66.There is RM12.36 total different between them .My estimate price is quite near with my actual price. My estimation is not good , because I not often go to supermarket .So , on the social reality we cannot simply estimate anythings without seeing the actual cost . Our budget is RM200,but the total of actual price only RM 180.66,so the actual price is not exceed our budget , so now we can buy those items at the supermarket before go to the old folks home.