Kaja Kallas produces luxury collection of dolls. She is preparing her budget for the coming year. The budgeted selling price for each doll is $30 and the budgeted materials cost for each doll is 50% of selling price while the budgeted labour cost is 20% of selling price. Each doll is expected to incur direct expenses of $1 on top of the budgeted materials and labour costs. Equipment depreciation is budgeted to be $9,000 per annum and Ms. Kallas budgeted administration expenses are $1,200 per month. Demand in September is budgeted to be 10,000 dolls with demand rising to 10,500 dolls in October and 11,025 in November. What is Ms. Kallas budgeted gross profit for November? $86,250 $87,450 $88,200 $99,225
Kaja Kallas produces luxury collection of dolls. She is preparing her budget for the coming year. The budgeted selling price for each doll is $30 and the budgeted materials cost for each doll is 50% of selling price while the budgeted labour cost is 20% of selling price. Each doll is expected to incur direct expenses of $1 on top of the budgeted materials and labour costs. Equipment depreciation is budgeted to be $9,000 per annum and Ms. Kallas budgeted administration expenses are $1,200 per month. Demand in September is budgeted to be 10,000 dolls with demand rising to 10,500 dolls in October and 11,025 in November. What is Ms. Kallas budgeted gross profit for November? $86,250 $87,450 $88,200 $99,225
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Kaja Kallas produces luxury collection of dolls. She is preparing her budget for the coming year. The budgeted selling price for each doll is $30 and the budgeted materials cost for each doll is 50% of selling price while the budgeted labour cost is 20% of selling price.
Each doll is expected to incur direct expenses of $1 on top of the budgeted materials and labour costs. Equipment depreciation is budgeted to be $9,000 per annum and Ms. Kallas budgeted administration expenses are $1,200 per month. Demand in September is budgeted to be 10,000 dolls with demand rising to 10,500 dolls in October and 11,025 in November. What is Ms. Kallas budgeted gross profit for November?
$86,250
$87,450
$88,200
$99,225
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