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It is January 15, 2022. You are not ready to open a brick-and-mortar bakery but you think you can handle catering. You received quite a
It is January 15, 2022. You are not ready to open a brick-and-mortar bakery but you think you can handle catering. You received quite a few orders during the first month. Use the following schedule to determine costs, revenue, and profit/loss in the following questions. Round your answers to 2 decimal points. Additional assumptions are below the table. For example, calculations for one dozen cupcakes would be: Butter 0.25 of a pound X $1.15 X 1 dozen cupcakes = $0.29 Labor 0.5 an hour X $15.00 X 1 dozen cupcakes = $7.50 Material Unit size Amount per dozen Cost per unit size Flour pound 0.5 2.25 Butter pound 0.25 1.15 Sugar pound 0.5 2.00 Eggs dozen 0.25 4.00 Milk gallon 0.1 2.50 Vanilla gallon 0.25 6.00 Cocoa Powder pound 0.25 4.00 Vanilla Icing pound 0.75 1.25 Chocolate Icing pound 0.75 1.50 Bakery box eachi 1 0.50 Notes: 1. It takes you 30 minutes to mix, bake, cool, and ice one dozen cupcakes. 2. You cannot produce more than one dozen at a time. 3. Labor costs per hour is $15.00. 4. The factory overhead cost per dozen is $2.75. 5. The column titled "Cost per unit size" is the cost of materials per pound, gallon, or dozen. There was an order for a retirement party for 137 dozen vanilla cupcakes with vanilla icing. The customer paid 17.34 for each dozen. Calculate the profit/loss for this job order. Below is a sample table to determine your costs, revenue, and profit/loss. Material Amt per dozen Cost per unit Product Cost Flour Butter Sugar Eggs Milk Vanilla Vanilla Icing Bakery Box Labor Overhead. Total Cost Customer Price Profit/Loss There was an order for a birthday party for 22 dozen chocolate cupcakes with chocolate icing. The customer paid 16.47 for each dozen. Calculate the profit/loss for this job order. Below is a sample table to determine your costs, revenue, and profit/loss. Amt per dozen Cost per unit Product Costs Material Flour Butter Sugar Eggs Milk Cocoa Powder Chocolate Icing Bakery Box Labor Overhead Total Cost Customer Price Profit/Loss There was an order for a graduation party for 68 dozen vanilla cupcakes with chocolate icing. The customer paid 16.27 for each dozen. Calculate the profit/loss for this job order. Below is a sample table to determine your costs, revenue, and profit/loss. Material Amt per dozen Cost per unit Product Costs Flour Butter Sugar Eggs Milk Vanilla Chocolate Icing Bakery Box Labor Overhead Total Cost Customer Price Profit/Loss There was an order for a New Year's party for 111 dozen chocolate cupcakes with vanilla icing. The customer paid 21.90 for each dozen. Calculate the profit/loss for this job order. Below is a sample table to determine your costs, revenue, and profit/loss. Material Amt per dozen Cost per unit Product Costs Flour Butter Sugar Eggs Milk Cocoa Powder Vanilla Icing Bakery Box Labor Overhead Total Cost Customer Price Profit/Loss
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