Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A vendor prepares 100.00 hotdogs every day and sells at $22.00 /piece. For each hot dog, he spends $13.00 in the raw material. Additionally he

A vendor prepares 100.00 hotdogs every day and sells at $22.00 /piece. For each hot dog, he spends $13.00 in the raw material. Additionally he spends $1.45 for packing each hotdog and monthly $48.00, $19.00, $9.00 as food truck rent, electricity and other expenses respectively. Lost sales are charged at $5.00 per lost sale. Leftover hotdogs can be sold for $3. On a particular day in June 102.00 people came wanting to buy a hotdog. Determine the vendors profit for that day? Assume there are 30 days in the month.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Principles And Managerial Applications

Authors: Gerald R. Crowningshield

3rd Edition

0395178371, 978-0395178379

More Books

Students also viewed these Accounting questions

Question

Which is a better heat conductor, diamond or silver?

Answered: 1 week ago

Question

Describe key employee expectations.

Answered: 1 week ago

Question

Describe current business topics and their impact on HRM.

Answered: 1 week ago

Question

Define human resources management (HRM).

Answered: 1 week ago