Chapter 2, Problem 2.9E

Solve with explanation and accounting question

Vito’s Veggie Rolls prepares 120 rolls every day and sells them at $19 per piece. For each roll, he spends $9.50 on raw materials. Additionally, he spends $1.10 for packing each roll and monthly $60, $20, and $15 for food cart rent, electricity, and other expenses respectively. Lost sales are considered to cost $1.50 per unhappy customer. Leftover rolls can be sold for $5.50 each. On a particular day in July, due to an unexpected strike, Vito was able to sell only 95 rolls. Assume there are 30 days in the month. Determine Vito’s profit for that day.

subject general accounting