Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - SJ Services Ltd has been asked to quote a price for a special contract to render a service that will take the business one week to complete. Information relating to labour for the contract is as follows:
Grade of labour
Hours required
Basic rate/hour
Skilled
27
24 pounds
Semi-skilled
14
18 pounds
Unskilled
20
14 pounds
A shortage of skilled labour means that the necessary staff to undertake the contract would have to be moved from other work that is currently yielding an excess of sales revenue over labour and other costs of £8 an hour. Semi-skilled labour is currently being paid at semi-skilled rates to undertake unskilled work. If the relevant members of staff are moved to work on the contract, unskilled labour will have to be employed for the week to replace them. The unskilled labour actually needed to work on the contract will be specifically employed for the week of the contract. All labour is charged to contracts at 50 per cent above the rate paid to the employees. so as to cover the contract's fair share of the business's general costs (rent, heating and so on). It is estimated that these general costs will increase by £50 as a result of undertaking the contract. Undertaking the contract will require the use of a specialised machine for the week. This machine is currently being hired out to another business at a weekly rental of £175 on a week-by-week contract. To derive the above estimates, the business has had to spend £300 on a specialised study. If the contract does not proceed, the results of the study can be sold for £250. An estimate of the contract's fair share of the business's rent is £150 a week.
Deduce the minimum price at which SJ Services Ltd could undertake the contract such that it would be neither better nor worse off as a result of undertaking it.
What challenges face in global marketing in years to come? Explain the impact and provide at least one strategy to address and tackle each challenge identified.
Mr. Sivakumar is a sales and marketing manager for Chennai, How should Mr. Sivakumar put up the note to the management to justify his recommendation?
Find the company should according the previous data. hanna company estimates the following cost data for the coming month total
Provide at least one example of how ABC can be applied to service industry organizations. Explain the rationale behind the balanced scoreboard concepts.
Compute the total gross profit variance of Lucy merchandising company from the three products in 2019 and 2018 that is to be analyzed and accounted
Assuming a beginning inventory of raw materials of $8,000 and an ending inventory of raw materials of $6,000, what must be the total for direct labour?
Find What is an appropriate cost of capital for division A if the market risk premium is 5 percent? Buy It Cheap has an overall beta of .88 and a cost of equity
Write a business report describing budgeting as a non-technical process. Refer to satisficing, budgeting as a political process and budget ploys and calculate the materials price variance (on purchase) and materials usage variance.
Sells 10,000 flanges this period their competitor sells flanges for 15 each. can company sell below competitor price and make a profit on the flanges
Find Which method will produce the highest values for WIP and finished goods inventories? They both produce the same values for these inventories
Problem - Dowell Company produces a single product. Complete income statements for the company for each of its first two years under variable costing
The shareholders wish to make a profit of 18% on assets. Assume all products produced are sold. What is the target full product cost?
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd