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Risk Assessment: Question 1 Analyze the risk associated with the cost of ingredients Using the data...

Risk Assessment: Question 1
Analyze the risk associated with the cost of ingredients
Using the data provided, determine the cost of each type of cupcake
Presentation matters when showing the results of data analytics, because you are trying to take many numbers and present them in a way that someone unfamiliar with your computations can quickly understand your results.  An example of one type of presentation for the cost of cupcakes is shown below.  You can use this example as a template, or come up with a better way to present your work.   If you click on the yellow cells below, you can see the formulas used in this particular visualization. It can also serve as a check to ensure that you are arriving at the correct cost when you create your cost analysis.
Hint:  There are many ways to set up a visualization, pick a way that makes sense for you.  You can copy and paste the recipes or make reference in the cells below to the original numbers on the data pages.
Vanilla Vanilla Cupcakes Butter Cream Frosting Cupcakes Total
Ingredient eggs sugar salt vanilla flour baking powder butter vanilla butter shortening confec. Sugar salt milk
Unit measured as dozen pounds pounds quart pounds pounds pounds quart pounds pounds pounds pounds gallons
Amount of unit used per 36 cupcakes 0.7500 0.9923 0.0049 0.0150 1.2375 0.0195 1.0000 0.0225 0.7500 0.6780 3.9600 0.0049 0.0473
price/unit $1.50 $0.50 $0.20 $40.00 $0.30 $3.00 $2.00 $40.00 $2.00 0.55 $0.56 $0.20 $3.00
Ingredient cost per /36 cupcakes $1.12500 $0.49613 $0.00098 $0.60000 $0.37125 $0.05850 $2.00000 $0.90000 $1.50000 $0.37290 $2.21760 $0.00098 $0.14175 $9.78508
Cost /cupcake $0.270

Solutions

Expert Solution

Determination of cost of each type of Cupcake, per unit
Particulars Source Vanilla Cup Cake Total Butter cream frosting cupcakes Total
Eggs Sugar Salt Vanilla Flour Baking powder Butter Vanilla Butter Shortening Confec.S
A Unit of Measurement Given Dozen Pounds Pounds Quarts Pounds Pounds Pounds NA Quarts Pounds Pounds Pounds NA
B Quantity required for 36 cupcakes Given 0.7500 0.9923 0.0049 0.0150 1.2375 0.0195 1.0000 4.0192 0.0225 0.7500 0.6780 3.9600 5.4105
C Ingredient Cost for 36 cupcakes Given $1.12500 $0.49613 $0.00098 $0.60000 $0.37125 $0.05850 $2.00000 $4.6519 $0.90000 $1.50000 $0.37290 $2.21760 $4.9905
D Cost of ingredients for 1 Cupcake C/36 units $0.03125 $0.01378 $0.00003 $0.01667 $0.01031 $0.00163 $0.05556 $0.1292 $0.02500 $0.04167 $0.01036 $0.06160 $0.1386
Therefore, Cost of per unit of
Vanilla Cupcake = $0.1292
Butter cream frosting cake = $0.1386

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