Question
1. For a table manufacturing company, selling price for a table is $50 per Unit, Variable cost is $15 per Unit, labor charge is $10
1. For a table manufacturing company, selling price for a table is $50 per Unit, Variable cost is $15 per Unit, labor charge is $10 per Unit, rent is $500 per month and transportation is $10 per 10 tables. If 50 tables are sold in a month how much revenue company earns for that month?
2. You run a hospital with 100 rooms. Fixed daily cost is $1000 which includes staff salary, property charges, maintenance etc. Variable cost per room is $10 which includes cleaning, equipment rentals, utility cost etc. which is incurred only when the room is full. You charge $50 per room per day. You sold 30 rooms today, how much profit/loss did you earn for today.
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