$1.$ Think of your favorite cookie. Search the Internet and find a recipe for this type of cookie. This recipe

will be your $$Grandma$$s recipe$$ that you make and sell in your business. Print out this recipe.

You must consult your recipe to determine the amount of ingredients required for one dozen cookies.

You also must consult Exhibit $1$ for informa$$on regarding the costs of ingredients, manufacturing

overhead, and opera$$ng expenses. If your cookies have ingredients that are not included in Exhibit $1,$

these ingredients are considered part of overhead.

$2.$ Calculate the following:

$($a$)$ Total variable costs per dozen cookies.

$($b$)$ Sales price per dozen cookies using $$markup on variable costs.$$

$($c$)$ Contribu$$on margin per dozen cookies.

$($d$)$ Breakeven point for the quarter $($three months$)$ in dollars and in units.