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A vendor prepares 120 burgers per day, sold at $18 each. Per burger: • Ingredients: $9 • Packaging: $1.20 Monthly expenses: • • • Rent: $480 Utilities: $150 Misc.: $60 Lost customers cost $1 each. Leftover burgers are sold at $6 each. On one rainy day, only 95 burgers were sold. Determine profit for that day (assume 30 days in the month).

A vendor prepares 120 burgers per day, sold at $18 each. Per burger: • Ingredients: $9 • Packaging: $1.20 Monthly expenses: • • • Rent: $480 Utilities: $150 Misc.: $60 Lost customers cost $1 each. Leftover burgers are sold at $6 each. On one rainy day, only 95 burgers were sold. Determine profit for that day (assume 30 days in the month).

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter5: Inventories And Cost Of Goods Sold
Section: Chapter Questions
Problem 5.4DC
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A vendor prepares 120 burgers per day, sold at $18 each. Per burger: • Ingredients: $9 • Packaging: $1.20 Monthly expenses: • • • Rent: $480 Utilities: $150 Misc.: $60 Lost customers cost $1 each. Leftover burgers are sold at $6 each. On one rainy day, only 95 burgers were sold. Determine profit for that day (assume 30 days in the month).
Transcribed Image Text:A vendor prepares 120 burgers per day, sold at $18 each. Per burger: • Ingredients: $9 • Packaging: $1.20 Monthly expenses: • • • Rent: $480 Utilities: $150 Misc.: $60 Lost customers cost $1 each. Leftover burgers are sold at $6 each. On one rainy day, only 95 burgers were sold. Determine profit for that day (assume 30 days in the month).
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