@PUNKEY,
PUNKEY wrote:
Get ready to pay for a $35 pizza.
Because the fear of the $35 pizza is a common rant among those campaigning against the minimum wage, I looked up the cost of a pizza. This is from an MIT student lab workshop. The spreadsheet is very detailed, but from the summary section on the cost per pie:
VARIABLE COSTS per piece
Material Cost $3.48
Energy Cost $0.08
Labor Cost $0.42
Total Variable Cost $3.97
FIXED COSTS per piece
Main Machine Cost $0.63
Auxiliary Equipment Cost $0.26
Tooling Cost $0.00
Fixed Overhead Cost $0.37
Building Cost $0.14
Maintenance Cost $0.05
Total Fixed Cost $1.47
Total Fabrication Cost $5.44
The labor assumption for this model was $15/hr producing a labor cost per pizza of $0.42.