Reference no: EM133010835

You are managing a bake sale for a club at your school. It's being held each weekend in the fall that the football team has a home game. This year, there will be five home games. The club sells cookies in packages of two dozen. The selling price per package is $9.50. The packaging material costs $.17 (17 cents) per package. You pay the regular kitchen staff a direct labor cost for mixing and baking at $15.00 per hour. Baking utensils and supplies for the entire season will cost $600 (excluding the direct costs of cookies) . Before each game, the cookies are prepared in a school kitchen for a fixed rental fee of $80 per session and clean-up labor is paid a fixed total of $60 per session. You estimate that 500 packages of cookies will be baked for each sale and that 96% of them will be sold. Alumni volunteers, who receive no compensation, sell half of the packages and students, who receive a commission of $.20 per package, sell the other half. You plan to run an advertisement in the school newspaper before all five games and each advertisement costs $170.

You are to:

Problem 1) Go to the internet and find a cookie recipe. Your recipe must have at least 5 ingredients. Your recipe will needed to be copied into your practice set in full including preparation directions, number of cookies the recipe creates as well as baking time. No links, copy and paste.

Problem 2) Research the prices of the cookie ingredients at a local supermarket, warehouse or online grocer. Do NOT change the recipe. To convert the recipe quantities, you can use an online conversion calculator. There are several available so use your favorite search engine.

Problem 3) Develop a budget for the five bake sales. Give the complete budget amounts per each sale and the budget in total. You are free to develop any format for the budget.

Problem 4) Analyze the club's fundraising effort in written format. This analysis is for the use of the current club faculty advisor and also the next year's bake sale manager. This analysis is done separately by each student. Don't miss points by forgetting your audience.

Problem 5) Make suggestions for next year's bake sale manager, including those suggestions that would improve the bottom line with approximations of how much the bottom line will improve.