Answer:
1. Cost of Leather
Leather strips cost $12 as a standard for labor.
Cost of Leather = $12 * quantity
Cost of Leather = $12 * 92,000
= $1,104,000
2. DIrect Labor Cost
Costs $9 per the amount of time it takes to produce the belts.
Labor Cost = 9 * 92,000
Labor Cost = $828,000
Answer:
a. $198.200
Explanation:
Income is defined as the difference between total sales and total expenses. Expenses encompass both fixed and variable costs.
The contribution margin ratio is defined as:
Therefore, the dollar amount of sales required to obtain an income of $15,100 is:
The dollar amount of sales must be $198,200
Answer: The correct option is “ have a centralized planning department”
Explanation: A corporate plan involves setting out the actions required and also determine the resources available in other to deliver the required aims and objectives. However, your corporate plan is an important document that will continue to help monitor finances, liabilities, identify opportunities and control your internal systems and structures. Furthermore, corporate plan involves creating a long term plan with the aim of achieving the organizational stated goals and objectives.
Answer:
The resources you need to start a business can be broken into five broad categories: financial, human, educational, emotional and physical resources.