A company wishes to make a profit of $150,000. It has fixed costs of $75,000 with a C/S ratio of 0.75 and a selling price of $10 per unit. How many units would the company need to sell in order to achieve the required level of profit

Which of the following statements is correct?

Select one:

a. A stores ledger account will be updated from a goods received note only

b. A stores requisition will only detail the type of product required by a customer

c. The term 'lead time' is best used to describe the time between receiving an order and paying for it

d. To make an issue from stores authorization should be required

Which of the following would be classed as indirect labour?

Select one:

a. assembly workers in a company manufacturing television

b. a stores assistant in a factory store

c. plasterers in a construction company

d. an audit clerk in a firm of auditors