Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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$1.151 dozen cupcakes =$0.29 Labor =0.5 an hour X$15.001 dozen cupcakes =$7.50 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 New Year's party for 45 chocolate cupcakes with vanilla icing. The customer paid 18.71 for each dozen. Calculate the profit/loss for this job order. Below is a sample table to determine vour rosts. revenue. and nrofit/loss
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started