*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?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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