PROVIDE INCOME STATEMENT FOR THIS

Option #1 - Artisan Pieces The target price for the artisan pieces is $124 each. In addition, Kaitlyn anticipates that many customers will purchase regular chocolates to fill the sculpture and/or place them around the piece. The additional sale of chocolates/truffles are forecast to generate an additional $24 of margin per artisan piece sold. Due to the short supply of pastry chefs, Kaitlyn can only get a half-time pastry chef for 1,000 hours per year at a cost of $40,000. Each piece should take the chef approximately 30 minutes to complete. Aside from the pastry chef, a skilled tradesperson will be hired to run the machine; he or she will cost $25,000 per year for 1,000 hours. While there is no shortage of this type of labour, Kaitlyn believes that the total hours required will be the same as the pastry chef. The chocolate has to be of relatively high quality, and it is estimated that each sculpture will require roughly 4 pounds of chocolate at a cost of $8 per pound. Other annual variable costs include $13,000 for specialty moulds and $6,000 for decorative candy. In addition, there will be a one-time cost of $10,000 for sculpting tools