Answer:
The answer is $1,027.6 million
Explanation:
Gross profit = Sales - Cost of Sales(cost of goods sold)
Gross profit = $818.8 million
Sales of $1,846.4 million.
To find Cost of Sales, we rearrange the formula to now be:
Sales - Gross profit
$1,846.4 million - $818.8 million
=$1,027.6 million
Therefore, Skechers' Cost of sales for 2018 is $1,027.6 million
Depreciation means they become less valuable, appreciation means they become more valuable or more expensive.
Answer: Direct Labor Rate Variance
Explanation:
The difference between the actual labor rate and the standard labor rate, multiplied by the actual labor hours is referred to as the Direct Labor Rate Variance.
It should be noted that the labor rate variance in an organization is the responsibility of the human resource department.
Obeying a company's dress code.
