Approximately 5 number of trays must be sold to cover all costs including labor.
The profit on each tray that was sold excluding labor cost is;
Profit = $35-$14
Profit = $21
Total labor cost for making party tray for a day is;
Total Labor Cost = Total labor hours * wages per hour * No. of labors
Total Labor cost = $7 * $8*2
Total Labor Cost = $112
Number of trays that must be sold to cover cost is;
Total labor cost/ Profit per tray
Number of trays = $112/$21
= 5.33
Approximately 5 trays must be sold to cover all costs including labor.
Read more about Work Proportion at; https://brainly.com/question/148146
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