Accounting budget Project
Product – bread with chocolate chip
Ingredients -
· Flour – comes in 25 pounds - $0.33 a pound. 454gms in one pound and 225 required to make a bread
· Salt - $17 for a 50lbs bag – 6gs needed for a bread = 2.94 for 1 lbs
· Sugar - $12.83 for 25lbs – 6gs needed for a bread = 0.5 per lbs
· Margarine - $2.87 for 1lbs – 15gs for a bread loaf
· Yeast – $2.39 for 1lbs – 6gs for a bread
· Water
· Chocolate chips – 3.5 for 1bs – 4gs for a bread
*** The product we chose is making a loaf of bread with chocolate chips. Above is the information of the ingredients required. You can accordingly find the cost of making a loaf according to your findings of the variable costs and fixed costs and after that you can determine the sales price for a loaf.
NOTE – every information of cost should be per unit i.e. a loaf of bread.