Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What price should you charge per pizza? Use cost-based pricing to determine your price. How much of each raw material will you need and what

image text in transcribed
What price should you charge per pizza? Use cost-based pricing to determine your price. How much of each raw material will you need and what will it cost? Calculate below: Amount per Total ounces Total Ingredient pizza Potential sales units needed pounds Pizza flour 8 oz (1/2 lb) This is the number you indicated in your answer to question #1 Pizza 2 oz (1/8 lb) sauce Pepperoni 2 oz (1/8 lb) Cheese 8 oz (1/2 lb) Pizza flour - Need X $8.00/10lb = Pizza sauce - Need X $4.80/64oz = Pepperoni - Need X $18.00/101b = Cheese - Need X $15.00/5lb = Total cost of all raw materials used 4. What will be your probable profit? (Show your calculation)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Information For Business Decisions

Authors: Loren A Nikolai, Billie Cunningham, John D Bazley

3rd Edition

1111066884, 9781111066888

More Books

Students also viewed these Accounting questions