paigeheadley8769 paigeheadley8769

06-06-2023
Business

contestada

Hero is one of Strawberry Jam Company. They sells 500 packages of strawberry jam for $12 each. The cost of ingredients, bottles and labels was $400. Additionally, they hire staff to make the jam around 26 hours and pay the wages around $25 per hour.
Required: a. Calculate the accounting profit for Hero Company
b. Calculate the economic profit for Hero Company

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