Question
Help need with appropriate formulas for excel: You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a
Help need with appropriate formulas for excel:
You plan to open a small business for manufacturing pet collars, leashes, and harnesses. You have found a workshop space you can use for sewing your products. After some research and planning, you have estimates for the various operating costs for your business.
The total square footage for the sewing rooms is 1,500 square feet broken into three areas (500 square feet each). You have taken out a loan for start-up costs, and the monthly payment is $550; it goes into effect immediately and should be accounted for in your costs. You will also collect a modest salary for the first year of $500 per month; remember to divide evenly among the services.
Salary and Hiring Data
- One collar maker, who will be paid $16.00 per hour and work 40 hours per week
- One leash maker, who will be paid $16.00 per hour and work 40 hours per week
- One harness maker, who will be paid $17.00 per hour and work 40 hours per week
- One receptionist, who will be paid $15.00 per hour and work 30 hours per week
Other Costs
- Rent: $750 per month; allocate based on square footage
- High-tensile strength nylon webbing?$12 per yard of webbing
- 3 collars per yard of webbing
- 2 leashes per yard of webbing
- 2 harnesses per yard of webbing
- Polyesterylon ribbons?$9 per yard of ribbon
- 3 collars per yard of ribbon
- 2 leashes per yard of ribbon
- 2 harnesses per yard of ribbon
- Buckles made of cast hardware?$0.50 per buckle
- 4 buckles used per collar
- 3 buckles used per leash
- 8 buckles used per harness
- 3 industrial sewing machines at $3,300 each for a total of $9,900; depreciation is $165 per month (5-year life, zero salvage value)
- Utilities and insurance: $600 per month; allocate based on square footage
- Scissors, thread, cording: $1,200
- Price tags: $250 for 2,500 ($0.10 each)
- Office supplies: $2,400 or $200 per month
- Other business equipment: $2,000
- Loan payment of $550 per month
- Salary drawn of $500 per month
Need answers for these:
Collars Item Variable Costfltem Item Fixed Costs Hightensile strength nylon webbing S 4.00 Collar maker's salary [monthly] 5 2,773.33. IPolyesterfnylon ribbons I .l Depreciation on sewing machines Buckles made of cast hardware Rent Price tags Utilities and insurance Scissors, thread, and cording Loan payment 5 183.33 Salary to self 5 166.67 Total Variable Costs per Cellar Total Fixed Costs 22 23 Leashes 25 Item Variable Cost/Item Item Fixed Costs 27 High-tensile strength nylon webbing Leash maker's salary (monthly) 28 Polyesterylon ribbons Depreciation on sewing machines 29 Buckles made of cast hardware Rent 30 Price tags Utilities and insurance 31 Scissors, thread, and cording 32 Loan payment 33 Salary to self 34 35 36 38 Total Variable Costs per Leash Total Fixed Costs 3941 42 Harnesses 4-4 w W 46 Hightensile strength nylon webbing Harness maker's salary 47 Polyesterfnylon ribbons Depreciation on sewing machines 48 Buckles made of cast hardware Rent 49 Price tags Utilities and insurance 50 Scissors, thread, and cording 51 Loan 52 Salary to self 53 54 55 57 Total Variable Costs per Harness Total Fixed Costs 58 anStep by Step Solution
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