*check the attached photo for the problemREQUIRED:What is the total cost per unit? What is the biggest cost per unit? Are there possible ways of reducing the cost per unit? After understanding what the crucial inputs are, Gigi rolled up her sleeves and decided tocompute something that she'd been afraid to do. Determine the cost of undertaking the entireproject. While Mrs. Manalastas has been kind enough to provide a hefty 50% down payment tocover upfront expenses, Gigi was nonetheless nervous that the cost would be tremendous. Thewords of Mrs. Manalastas was always resonating at the back of her mind: "They are payingP150 and they are expecting a meal worth P150." By rescarching on the internet, she arrived atthe conclusion that, if she will serve fried chicken, 300 grams of chicken and a cup of rice orroughly 50 grams of uncooked rice per student is sufficient enough as a serving size. Thecheapest chicken that Gigi saw in the market costs P150 per kilo, while the cheapest rice ofacceptable quality was P50 per kilo. Gigi estimated that for every kilo of chicken to be fried, one(1) liter of cooking oil will be needed, with each liter of oil capable of being used three (3) times.Gigi also estimated that the seasoning costs (salt, soy sauce, calamansi, etc.) would add up toabout P40 per kilo. She also guessed that she'll use up P1,200 worth of firewood to fuel theentire cooking spree, but must be more costly if she will use LPG. Finally, the styro packagingcosts P5 per piece. With these guidelines, Gigi decided to compute for her unit cost.

Name: *check the attached photo for the problemREQUIRED:What is the total co
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Description: *check the attached photo for the problemREQUIRED:What is the total cost per unit? What is the biggest cost per unit? Are there possible ways of reducing the cost per unit? After understanding what the crucial inputs are, Gigi rolled up her sleeves a

Gigi decided to make chicken and rice to sell, it is necessary to decide the cost per unit.

Answered: *check the attached photo for the…

Business

Accounting

*check the attached photo for the problem REQUIRED: What is the total cost per unit?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 5PA: Kylies Cookies is considering the purchase of a larger oven that will cost $2,200 and will increase...

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Natalie is thinking of buying a van that will be used only for business. The cost of the van is estimated at $36,500. Natalie would spend an additional $2,500 to have the van painted. In addition, she wants the back seat of the van removed so that she will have lots of room to transport her mixer inventory as well as her baking supplies. The cost of taking out the back seat and installing shelving units is estimated at $1,500. She expects the van to last about 5 years, and she expects to drive it for 200,000 miles. The annual cost of vehicle insurance will be $2,400. Natalie estimates that at the end of the 5-year useful life the van will sell for $7,500. Assume that she will buy the van on August 15, 2023, and it will be ready for use on September 1, 2023. Natalie is concerned about the impact of the van’s cost on her income statement and balance sheet. She has come to you for advice on calculating the van’s depreciation. Instructions (a) Determine the cost of the van. (b) Prepare…