Question
I could use some much needed assistance figuring out how to input the data below into the picture fields after the data. Any guidance is
I could use some much needed assistance figuring out how to input the data below into the picture fields after the data. Any guidance is appreciated!
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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
o3 collars per yard of webbing
o2 leashes per yard of webbing
o2 harnesses per yard of webbing
Polyesterylon ribbons?$9 per yard of ribbon
o3 collars per yard of webbing
o2 leashes per yard of webbing
o2 harnesses per yard of webbing
Buckles made of cast hardware?$0.50 per buckle
o4 buckles used per collar
o3 buckles used per leash
o8 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)
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
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