The Hearty Feast restaurant has a strong reputation for its meat pies. The head chef likes to hold 5% of the following month's projected pie sales in stock. The meat pie chef is paid $15 per hour to produce a batch of 10 meat pies. Projected meat pie sales in the next two months are:
$\begin{array} { | l | c | c | } \hline & \text { August } & \text { September } \\\hline \text { Meat pie sales } & 1,000 & 1,200 \\\hline\end{array}$ The head chef has projected the restaurant will be holding a balance of 50 meat pies on 1^st August.
Required:
What is the budgeted cost of labour for the meat pie chef in August?

Question

The Hearty Feast restaurant has a strong reputation for its meat pies. The head chef likes to hold 5% of the following month's projected pie sales in stock. The meat pie chef is paid $15 per hour to produce a batch of 10 meat pies. Projected meat pie sales in the next two months are:

\begin{array} { | l | c | c | } \hline & \text { August } & \text { September } \\\hline \text { Meat pie sales } & 1,000 & 1,200 \\\hline\end{array}

The head chef has projected the restaurant will be holding a balance of 50 meat pies on 1^st August.
Required:
What is the budgeted cost of labour for the meat pie chef in August?

Quizplus · Accepted Answer

The Answer of The Hearty Feast restaurant has a strong reputation for its meat pies. The head chef likes to hold 5% of the following month's projected pie sales in stock. The meat pie chef is paid $15 per hour to produce a batch of 10 meat pies. Projected meat pie sales in the next two months are: $$\begin{array} { | l | c | c | } \hline & \text { August } & \text { September } \ \hline \text { Meat pie sales } & 1,000 & 1,200 \ \hline \end{array}$$ The head chef has projected the restaurant will be holding a balance of 50 meat pies on 1^st August. Required: What is the budgeted cost of labour for the meat pie chef in August?

The Hearty Feast Restaurant Has a Strong Reputation for Its