Show calculation work and steps. Use Case 4 - Grilled Cheese. Answer all 7 questions.

Discussion Questions 1. What is the cost of goods sold (COGS) for Micah to produce one sandwich? 2. What is the markup if Micah charges USD 1 per sandwich? 3. Taking all costs listed into account, how many sandwiches would Micah need to sell to break even? 4. What issues could you see arising for Micah at this point? 5. How much inventory will Micah need to purchase for a 40 sandwich first-weekend sales forecast? What will be the cost of that inventory? 6. Which of the identified costs above are fixed costs? Variable costs? 7. If it takes 6 min to cook each sandwich, and the griddle can fit six sandwiches at a time, what is the maximum output during one 5 -hr night