1. Assume you are going to start a business selling iced tea and that it takes...

Transcribed Image Text:

1. Assume you are going to start a business selling iced tea and that it takes 11 tea bags and one lemon for two quarts of the beverage. Assume whatever other costs you think will be incurred to get the beverage into the hands of a customer and that you will be selling this through a stand on your front lawn. How many quarts of iced-tea will you have to sell to earn your dream salary for the first year? (Pick your own salary and estimated costs). 2. Identify what costs are fixed and variable in your situation. 1. Assume you are going to start a business selling iced tea and that it takes 11 tea bags and one lemon for two quarts of the beverage. Assume whatever other costs you think will be incurred to get the beverage into the hands of a customer and that you will be selling this through a stand on your front lawn. How many quarts of iced-tea will you have to sell to earn your dream salary for the first year? (Pick your own salary and estimated costs). 2. Identify what costs are fixed and variable in your situation.

Answer rating: 100% (QA)

1Dream Salary 50000 Cost of 11 tea bag and one lemon 25two quarts Cost of one quart Direct material ... View the full answer