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A single steak burger meal at Steak 'n' Shake is $3.79. A single bacon steak burger meal is $3.99. Use the following ingredients and
A single steak burger meal at Steak 'n' Shake is $3.79. A single bacon steak burger meal is $3.99. Use the following ingredients and their costs along with the overhead costs shown. Be sure to consider how to best incorporate the overhead costs into your analysis. Buns, $1.29/12 Ground beef, $2.50/lb (each burger requires 1/5 of a pound) American cheese, $2.50 for 25 slices Bacon, $3.50/lb (each bacon burger requires 1/10 of a pound) Rent/lease, $2,000/month Electricity, $400/month Gas (for heat and for grill), $200/month averaged over the entire year Franchise fee, $25,000 (one-time fee) Employees, $800/day Compare these two options environmentally and economically to answer the following: a. Which is the best option from an environmental standpoint? b. Which is the best option from an economic standpoint? c. Which is the best option overall? d. What assumptions did you need to make?
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