In a trip organized by a college there were 100 people; the average cost works out to 1600 per head. There were 80 students each of whom had paid 1600. Members of the teaching staff were charged a higher rate. The number of support staff (all male) was 6 and they were not charged. The number of ladies was 20% of the total of which two were lady staff members.
Tabulate the above information
In Lakhs
(i) Investment in fixed assets 40
(ii) Borrowings at 12% interest per annum 30
(iii) Wages paid during the year 12
(iv) Annual rental value of the owner’s factory building 18
(v) Annual depreciation 10
(vi) Estimated annual value of the management services of the owner 24
regular, and economy. Every type is made in a fair assortment of sizes and colors, which are
adjusted every year in response to the trends in society.
They have never really worried about profitability, but recently Mr Carling, the CEO and one of
the main owners, attended a management training program in Lausanne, Switzerland. There, he
learned that you have to know your costs and so he asked the shop accountant to produce a
summary statement, describing the profitability of each type of pants.
In table below you will see the information Mr Carling received in response to his request. While
he was quite happy with the overall situation, he felt that maybe it would be a good idea to get
rid of those economy pants once and for all. When considering them, he felt that they did not
really match his quality standards and now he could see that they did not even make a profit. So,
maybe he felt, it would be a good thing to stop producing economy pants?
In a trip organized by a college there were 100 people; the average cost works out to 1600 per head. There were 80 students each of whom had paid 1600. Members of the teaching staff were charged a higher rate. The number of support staff (all male) was 6 and they were not charged. The number of ladies was 20% of the total of which two were lady staff members.
Tabulate the above information
In a trip organized by a college there were 100 people; the average cost works out to 1600 per head. There were 80 students each of whom had paid 1600. Members of the teaching staff were charged a higher rate. The number of support staff (all male) was 6 and they were not charged. The number of ladies was 20% of the total of which two were lady staff members.