A cupcake store sells 1000 cupcakes per shift. Every day, the stores open for 2 shifts. Each shift is 6 hours. To service the customers, each shift has 20 employees, who are paid an hourly rate of $25. The cost of materials is $1 per cupcake. The utility cost for the store is $6 per working hour. Please calculate the total store's labor cost per day.

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Chapter4: Extent (how Much) Decisions
Section: Chapter Questions
Problem 3MC
icon
Related questions
Question
100%
1.
A cupcake store sells 1000 cupcakes per shift. Every day, the stores open for 2 shifts. Each shift is 6
hours. To service the customers, each shift has 20 employees, who are paid an hourly rate of $25.
The cost of materials is $1 per cupcake. The utility cost for the store is $6 per working hour. Please
calculate the total store's labor cost per day.
Input should be an exact number (for example, 8200 or 4560).
Transcribed Image Text:A cupcake store sells 1000 cupcakes per shift. Every day, the stores open for 2 shifts. Each shift is 6 hours. To service the customers, each shift has 20 employees, who are paid an hourly rate of $25. The cost of materials is $1 per cupcake. The utility cost for the store is $6 per working hour. Please calculate the total store's labor cost per day. Input should be an exact number (for example, 8200 or 4560).
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Survey Of Economics
Survey Of Economics
Economics
ISBN:
9781337111522
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Micro Economics For Today
Micro Economics For Today
Economics
ISBN:
9781337613064
Author:
Tucker, Irvin B.
Publisher:
Cengage,
Economics For Today
Economics For Today
Economics
ISBN:
9781337613040
Author:
Tucker
Publisher:
Cengage Learning
Economics (MindTap Course List)
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning