Question
Comment on the behaviour of sales and costs during the year to 31st January 2021. You should describe how sales and costs have fluctuated over
-
Comment on the behaviour of sales and costs during the year to 31st January 2021. You should describe how sales and costs have fluctuated over the financial year and provide an explanation as to why you think they have behaved in this way.
-
Trendfitters Ltd is a small company that manufactures and sells only one product; a standard face mask for the construction industry. During the last financial year, which ended on 31st January 2021, sales considerably exceeded budget due to increased demand from the general public as a result of Covid-19. Trendfitters Ltd supported this increased demand by selling masks online (which they had not previously done) and this incurred additional costs for the company to employ staff to administer and deliver the online sales.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started