This module has focused on different business costs. For this week’s paper, go to your local...
This module has focused on different business costs. For this week’s paper, go to your local grocery store and price the ingredients for baking chocolate chip cookies. For simplicity, assume the ingredients for three dozen cookies are:
- One 16 oz. box of sugar = $1.79
- One 12 oz. bag of chocolate chips = $1.99
- One 2 lb. bag of flour = $1.99
- One dozen eggs = $1.29
- A fixed cost of $30 to rent a kitchen with an oven for a day
- Assume in an hour you can bake two dozen cookies and that the cost of your time is $10 an hour.
In a paper:
- Calculate the average total cost, average variable cost, average fixed cost, and marginal cost for baking one dozen, two dozen, three dozen, four dozen, five dozen, six dozen, seven dozen, eight dozen, nine dozen, and ten dozen cookies. Show your work for the calculations and create a table with just cost numbers.
- Create the graphs for each of the cost numbers. Graph them on the same graph.
- Recalculate the costs assuming the cost to rent the kitchen with an oven dropped to $15.
- Compare the new calculations with the old calculations.
Homework Answers
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This module has focused on different business costs. For this
week’s paper, go to your local...
Different business costs. For simplicity, assume the ingredients for three dozen cookies are: One 16 oz....
Different business costs. For simplicity, assume the ingredients for three dozen cookies are: One 16 oz. box of sugar ($2.50) One 12 oz. bag of chocolate chips ($3.50) One 2 lb. bag of flour ($3.00) One dozen eggs ($3.00) A fixed cost of $30 to rent a kitchen with an oven for a day Assume in an hour you can bake two dozen cookies and that the cost of your time is $10 an hour. In a paper: Calculate the...
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please help me for this recipe costing assignment. o need it as early as possible. 10%...
please help me for this recipe costing assignment. o
need it as early as possible. 10% marks for this. please
HOTL206 Recipe Costing Assignment Included in your package is the recipe, the quantities required, the purchasing unit, unit price and any special notes. The recipe yield is 50 portions. The Cost is 36% of the Selling price. Using the information you learned in weeks 3, 4, 5 and 6 you must cost the total recipe, one portion of the recipe...
M&J Bakery Inc. opened for business on January 1st 20XX as planned. During the month of January the business purchased and used 200 lbs. of flour, 200 lbs. of sugar, 67 dozen eggs, 20 baking soda...
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please help Requirements: 1) Calculate the cost per cake 2) Create a budgeted Traditional Income Statement...
please help
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please help me for this recipe costing assignment. o
need it as early as possible. 10% marks for this. please
HOTL206 Recipe Costing Assignment Included in your package is the recipe, the quantities required, the purchasing unit, unit price and any special notes. The recipe yield is 50 portions. The Cost is 36% of the Selling price. Using the information you learned in weeks 3, 4, 5 and 6 you must cost the total recipe, one portion of the recipe...
M&J Bakery Inc. opened for
business on January 1st 20XX as planned. During the
month of January the business purchased and used 200 lbs. of flour,
200 lbs. of sugar, 67 dozen eggs, 20 baking soda boxes, 200 lbs. of
butter, 100 lbs. of raisins, 50 bottles of rum, and other
ingredients (one box of each for a total of four) all from one
supplier on account. Manufacturing overhead is applied to
production at $4per cake. Mary purchased the oven...
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You have been invited to participate in an accounting competition. Your team will be making a presentation to Michelle and Vishayla who are sister's-in-law who have recently opened a bakery specializing in cakes. They realized their love of baking after they married brothers, Josh and Cody. For a few years they created cakes for family and friends. The demand for their cakes had grown to the point where they could no longer use their kitchens as their "bakery."...
please help
Requirements: 1) Calculate the cost per cake 2) Create a budgeted Traditional Income Statement and a Contribution Income Statement 3) Calculate the breakeven point in dollars 4) Calculate a target profit in dollars for a profit of $125,000 Task 2 They believe it will cost them $250,000 to purchase the land near Fort Lee and to build a bakery and storefront. Your task is: 1) Calculate Return on Investment if the expected increase in net income, due to...
Overview: In the third milestone, you will jump forward in time: Imagine that your business has already opened. Use the updated scenario information to analyze your company's performance. Post-opening Scenario: Your angel investors are silent in relation to the business; however, they require board meetings for status updates on the company's financial health. Therefore, you need to analyze your company's performance over the last month using the data provided below. Note: Your instructor will create an announcement sharing the income...
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