5.1.7 Use the following information and calculate the sell…
5.1.7 Use the following information and calculate the selling price of ONE bottle of jam. Janine makes 100 bottles of jam weekly. (1 month = 4weeks. 1 week = 5 working days) (13) Water and electricity per month R500 Ingredients for 100 bottles of jam R600 Daily wages (5 days a week) R200 per worker per day Weekly transport R70 Packaging of 100 bottles of jam per week R200 Profit margin 75% Redraw the following table and complete the table to calculate the selling price of ONE bottle of jam. SHOW ALL CALCULATIONS. Fixed expenses Per month Water and electricity (1) Variable expenses Per week Ingredients (1) Wages (4) Transport (1) Packaging (1) TOTAL (1) PROFIT MARGIN (2) SELLING PRICE PER BOTTLE (2)