The Hearty Feast Restaurant Has a Strong Reputation for Its

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?

A) $1,480
B) $1,490
C) $1,500
D) $1,515
E) None of the above

Correct Answer:

Verified

Show Answer