Cottage Industries Ltd produces baskets. The fixed cost of operating the workshop for a month...
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Accounting
| Cottage Industries Ltd produces baskets. The fixed cost of operating the workshop for a month totals | |||||||
| 500$. Each basket requires material that cost 2$, and it takes 1 hour to make each basket. | |||||||
| Cottage Industries pays the basket maker 10$ per hour. The basket makers are all on contracts such that | |||||||
| if they do not work for any reason, they are not paid. The baskets are sold to a wholesaler for 14$ each. | |||||||
| a) Calculate the BEP of producing baskets for Cottage Industries. | |||||||
| b) What will be the revenues of Cottage industries at BEP? | |||||||
| c) What are the total expenses of cottage Industries at BEP? | |||||||
| d) Prepare a schedule of costs and revenues for Cottage Industries. | |||||||
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