1.Use the information from the bulleted list below to complete a Make-or-Buy Analysis. Answer the...
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Accounting
1.Use the information from the bulleted list below to complete a Make-or-Buy Analysis. Answer the questions below.
175 4-oz (AP) hamburgers per day
Raw ground beef cost: $3.84 per pound (10-pound polyvinyl package is $38.40)
Ground beef patties: $4.24 per pound (10-pound box is $42.40)
Preparation labor time (make): 2.25 hours (includes making patties and workstation setup and cleanup of all preparation trays, utensils, and the work station)
Preparation labor costs: $12.85 per hour + 23% benefits a.Cost of On-Site Preparation (Make)
i.Calculate the total ground beef food cost
ii.Calculate the total labor cost
iii.Calculate the total cost of production
iv.Calculate the per-portion hamburger cost
b.Cost of Convenience Food Alternative (Buy) i.Calculate the total ground beef cost
ii.Calculate the per-portion hamburger cost
c.Per Portion Cost Comparison
i.Calculate the per-portion cost difference
ii.Calculate the daily per-portion cost difference
iii.Calculate the weekly per-portion cost difference i
v.Calculate the annual per portion cost difference
d.What are some limitations to this analysis? Are there any assumptions being made and/or any additional information that could be used?
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