Party trays, which cost $14 to make not including labor, are sold for $35.00. If two people work 8 hour shifts making the trays at $7.00 per

Question

Party trays, which cost $14 to make not including labor, are sold for $35.00. If two people work 8 hour shifts making the trays at $7.00 per hour, how many trays must be sold to cover all costs including labor?

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Bình An 4 years 2021-08-11T02:18:34+00:00 1 Answers 1333 views 0

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  1. Helga
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    2021-08-11T02:19:40+00:00
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    Answer:

    5.33 trays must be sold to cover all costs including labor

    Step-by-step explanation:

    Party trays, which cost $14.00 to make not including labor, are sold for $35.00. Profit on party trays excluding labour cost = $35 – $14 = $21 Now we will find total labor cost for making party tray for a day Total labor hours * wages per hour* No. of labors = $7 * $8*2 = $112 Therefore to find how many trays must be sold to cover all costs including labor just divide total labour cost for making party tray for a day by profit on party trays excluding labour cost. = $112/$21 = 5.33 It means 5.33 trays must be sold to cover all costs including labor.

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