S’Mores Activity Worksheet



S’Mores Activity Worksheet

Answer the following questions using the information collected from the S’Mores Activity.

1. How many S’Mores can be created in an hour without specialization?

2. How many S’Mores can be created in an hour with specialization?

3. Using a five day, eight hour work week how many S’Mores can we make (in a week) with and without specialization? How many S’Mores can be made in a month?

4. If you made $1.00 profit on every S’More created, how much revenue could you potentially make in a month without specialization? With specialization?

5. If you had ________ employees (number of students in activity) and you paid them $3.00 per hour for their labor, what would the cost of labor be per hour?

6. Figure the cost per S’More:

Material Cost:

□ $2.50 per box of graham crackers (figure cost per cracker) ___________

□ $1.15 per box of 80 sandwich bags (figure cost per bag) __________

□ $1.00 per bag of marshmallows (figure cost per marshmallow) _________

□ $4.50 per bag of Hershey bars (figure cost per bar) __________

□ $1.25 per role of 25 ft. aluminum (figure cost per s’more) __________

□ $0.03 per sheet of labels (figure cost of labels) ____________

□ Total Cost Per S’More (Cost of Production Excluding Utilities) ___________

7. If you wanted to make a profit of $1.00 on each S’More, what should you charge? (Hint: Use your cost of production)

8. Based on this activity, why do you think businesses use specialization of labor? How is it beneficial?

9. Who had the absolute advantage? How could you figure out comparative advantage in this activity?

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