Chapter 16, Problem 16.12DMP

Requirements Subject: account

A vendor prepares 100 hotdogs every day and sells them at $20/piece. For each hot dog, he spends $12 on the raw material. Additionally, he spends $1 for packing each hotdog and monthly $50, $20, and $10 for food truck rent, electricity, and other expenses respectively. Lost sales are taken as $1 per unhappy customer. Leftover hotdogs can be sold for $5/piece. On a particular day in June, it rained heavily so the vendor was able to sell only 80 hot dogs.Determine the vendor's profit for that day. Assume there are 30 days in the month.[Financial Account][5]

Shore Company reports the following information regarding its production cost. Please provide answer the general accounting question