Becky Shelton, a teacher at Kemp Middle School, is in charge of ordering the T-shirts...
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Accounting
Becky Shelton, a teacher at Kemp Middle School, is in charge of ordering the Tshirts to be sold for the schools annual fundraising project. The Tshirts are printed with a special Kemp School logo In some years, the supply of Tshirts has been insufficient to satisfy the number of sales orders. In other years, Tshirts have been left over. Excess Tshirts are normally donated to some charitable organization. Tshirts cost the school $ each and are normally sold for $ each. Ms Shelton has decided to order shirts.
Required
a If the school receives actual sales orders for shirts, what amount of profit will the school earn? What is the cost of waste due to excess inventory?
b If the school receives actual sales orders for shirts, what amount of profit will the school earn? What amount of opportunity cost will the school incur?
a Profit
Waste due to excess inventory
b Profit
Opportunity Cost
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