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Thank you for answering Problem 1 of Mead Meals on Wheels Center. Below is the second question: Problem 2 Using your work to define MMWCs
Thank you for answering Problem 1 of Mead Meals on Wheels Center. Below is the second question: Problem 2 Using your work to define MMWCs spending limit, the executive director prepared a request for bids and sent it to all of the food purveyors in the near Millbridge. The best bid came in at $.50 below the number that you have calculated as MMWC's break-even per person week. Using this bid and the information given in the preceding problem, the director wants you to prepare a budget for MMWC in a format that will allow her to monitor MMWC's performance on a quarterly basis for the coming year. For budgeting, the director has told you to assume that there are 13 weeks in each quarter. You know from your experience that the fixed expense for the organization vary by season. Fixed costs average $38,000 per week in the winter (first qtr), $34,000 per week in the second quarter. $35,000 in the third quarter and $37,000 in the fourth quarter. Prepare an operating budget for the next four quarters of operation for the director and summarize it (provide totals) for the full year
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