Table 1. Grilled Cheese Business Cost Breakdown Item Cost (USD) Description Electric griddle 29.90 + tax On sale on Amazon; free shipping due to Prime membership Butter knife and spatula "FREE" Stolen from parents' kitchen over break Utilities 10/mo. Roommate stating that griddle will drive up electric bill Advertising 10 Marketing and promotion Bread 1.99/loaf 20 slices per loaf including heels Cheese 3.69 24 slices in a pack Butter 4.99 67.5 oz. tub Aluminum Foil 3.98 + tax 75 sq. ft roll

Note: Pennsylvania sales tax = 6%. Sales tax is not collected on unprepared food.

What is the cost of goods sold (COGS) for Micah to produce one sandwich?

What is the markup if Micah charges USD 1 per sandwich?

Taking all costs listed into account, how many sandwiches would Micah need to sell to break even?

What issues could you see arising for Micah at this point? How much inventory will Micah need to purchase for a 40 sandwich first-weekend sales forecast? What will be the cost of that inventory?

Which of the identified costs above are fixed costs? Variable costs?

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?

Please share the working note on computation as well with the explanation.