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Michael White is the owner of LPNKN company which specializes in catering. Among the serviceprovide areoutdoorparties andbanquetsforweddingandotherfunctions.Hisbusiness is profitable in the spring and summer months.
Michael White is the owner of "LPNKN" company which specializes in catering. Among the serviceprovide areoutdoorparties andbanquetsforweddingandotherfunctions.Hisbusiness is profitable in the spring and summer months. During seasonal periods there are extra costs, however, even during nonpeak periods, Michael must work to cover incurred expenses.
OneofthemajoreventMichael'scustomerrequestsisawedding party.Heoffered astandard wedding party and has developed the following cost structure on a per-person basis.
Food and beverages $14.00 Labor (.6 hr. @ $11 per hour) 6.60 Overhead (.6 hr. @ $14 per houn) 8.40 Total cost per person $29.00Step by Step Solution
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