You are not ready to open a brick-and-mortar bakery but you think you can handle catering. You have received your first 4 orders. Use the following schedule todetermine how much of each raw material you need to use for each dozen cupcakes. It takes you 60 minutes to mix, bake, cool, and ice two dozen cupcakes and youpay yourself $15 per hour. You can only cook two dozen cupcakes at one time. You have also determined that your overhead per dozen is $2.75. You charge $17.00for each dozen.Selling Price perMaterialUnit sizePounds per dozenCost per pound$17Dozen CupcakesFlourpoundpound0.52.50Butter0.251.00Sugarpound0.52.00Eggsdozen0.172.00gallongallonpoundpoundMilk0.10.13.00Vanilla0.256.00Cocoa Powder0.254.00Vanilla IcingChocolate Icing0.751.50pound0.751.50Bakery boxeach10.50Job #1Job #2Job #3Job #4Four dozen chocolate cupcakes withchocolate icingOne dozen vanilla cupcakes withchocolate icingThree dozen chocolate cupcakes withvanilla icingTwo dozen vanilla cupcakes with whiteicing.MaterialFlourButterMaterialCostCostMaterialCostMaterialCostFlourButterSugarEggsMilkVanillaFlourFlourButterSugarEggsMilkCocoa PowderButterSugarEggsMilkSugarEggsMilkVanillaICocoa Powder

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You are not ready to open a brick-and-mortar bakery but you think you can handle catering. You have received your first 4 orders. Use the following schedule to determine how much of each raw material you need to use for each dozen cupcakes. It takes you 60 minutes to mix, bake, cool, and ice two dozen cupcakes and you pay yourself $15 per hour. You can only cook two dozen cupcakes at one time. You have also determined that your overhead per dozen is $2.75. You charge $17.00 for each dozen.

You are not ready to open a brick-and-mortar bakery but you think you can handle catering. You have received your first 4 orders. Use the following schedule to determine how much of each raw material you need to use for each dozen cupcakes. It takes you 60 minutes to mix, bake, cool, and ice two dozen cupcakes and you pay yourself $15 per hour. You can only cook two dozen cupcakes at one time. You have also determined that your overhead per dozen is $2.75. You charge $17.00 for each dozen.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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