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Temka [501]
3 years ago
13

Max is the marketing manager at the university bookstore. He is developing his marketing plans for the next school year. The boo

kstore is charged by the university to be a profit center for the school, therefore its important that Max manages the bookstore and prices its products in a way to generate profits. One of the most popular products sold at the bookstore is academic calendars to help students keep track of key dates throughout the school year. The university has 10,080 students registered for the upcoming semester, an increase of 5% versus a year ago. Last year Max sold 7,200 calendars at $5.00 each. The overall calendar sales were a bit disappointing, as he had to throw away 1,100 calendars that he'd printed yet went unsold. The cost of creating and printing the calendars was $19,183. He'd like to estimate his sales better this year to eliminate waste and maximize his profits. Use this information to answer the following questions:
Business
1 answer:
Mariulka [41]3 years ago
8 0

<u>Solution and Explanation:</u>

  • the total sales of calendars is as follows:

7200 multiply with $5 each = $36000

  • In order to find out the profit, the toal of sales is to be subtarcted with costs. The given sales is $36000, costs is $19183

Thus, the total profit = $16817

95% of 10080 canot be taken in order to find out the correct number. 5% enrollment growth, is as follows:

10080 = 1.05 multiply "x"

thus, calculating x = 9600

  • The number of studnets are 9600 in the last semester out of which 7200 bought calendar.    7200 divide 9600 = 75.0 percent sales penetration.
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3. Managed services are catering or food service providers who operate in sites other than restaurants.

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The labor efficiency variance for May for Polaco Corporation is <u>$4,320 Favorable</u>.

<h3>What is the labor efficiency variance?</h3>

The labor efficiency variance shows the difference between the actual direct labor hours worked and budgeted direct labor hours,

The labor efficiency variance is computed as the Standard hours allowed for production (SH) – actual hours taken (AH) × standard rate.

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Thus, the labor efficiency variance for May for Polaco Corporation is <u>$4,320 Favorable</u>.

Learn more about calculating labor efficiency variance at brainly.com/question/13136127

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