1.Use the information from the bulleted list below to complete a Make-or-Buy Analysis. Answer the questions below.

175 4-oz (AP) hamburgers per day

Raw ground beef cost: $3.84 per pound (10-pound polyvinyl package is $38.40)

Ground beef patties: $4.24 per pound (10-pound box is $42.40)

Preparation labor time (make): 2.25 hours (includes making patties and workstation setup and cleanup of all preparation trays, utensils, and the work station)

Preparation labor costs: $12.85 per hour + 23% benefits a.Cost of On-Site Preparation (Make)

i.Calculate the total ground beef food cost

ii.Calculate the total labor cost

iii.Calculate the total cost of production

iv.Calculate the per-portion hamburger cost

b.Cost of Convenience Food Alternative (Buy) i.Calculate the total ground beef cost

ii.Calculate the per-portion hamburger cost

c.Per Portion Cost Comparison

i.Calculate the per-portion cost difference

ii.Calculate the daily per-portion cost difference

iii.Calculate the weekly per-portion cost difference i

v.Calculate the annual per portion cost difference

d.What are some limitations to this analysis? Are there any assumptions being made and/or any additional information that could be used?