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. How much profit will you make on each cookie? Save your calculation work to prove how you arrived at your number i. The professor may ask to see your work When calculating - round each cost component to 2 decimal places Calculate your figures on an annual basis Your raw material costs for each cookie is 1.00 You will bake 5,000 cookies per work day. The bakery is only open from Tuesday until Friday each week. Four employees are working 40 hours per week at $15.50 per hour. They work a four-day work week - 10 hours per day. All four employees work the shift together. The kitchen rental is a fixed cost: $4,100 per month and includes all of the raw material storage, baking racks, ovens, machines to box and label the cookies. The monthly fee includes all of the electricity and water costs. All other business costs per month of $2,850.00. This includes all other costs associated with the business: statutory holiday pay, payroll taxes, Canada Pension Plan, other employee related expenses, insurance, computer equipment, networking, etc. Shipping costs are $100 for every 10,000 cookies Each cookie sells for $3.90 plus 12% sales tax (Average HST in Canada) The bakery is closed for two weeks a year and all employees take their holidays at that time. They are paid for their vacation time based upon their normal salary. Note: Your answer should be somewhere between $0.00 and $3.99