Opening stock is £350,000. Closing stock is £325,000. Purchases are £650,000. Sales are £1,000,000. The cost of sales is:
Answer to relevant QuestionsUsing the information provided above, calculate the cost of sales and inventory value using the weighted average method. Godfrey’s target selling price per hour is: c) £50.88 Assuming that both activity levels are within the relevant range, the semi-variable costs for December are: c) £25,000 What are the relevant costs involved in this decision? Should Cowboy sub-contract its delivery requirements to Select? What considerations are there in making this decision? A call centre department incurs costs of £100,000 per annum which provides the staff to make 25,000 sales calls each year. At the end of the year, management reports disclose that the actual number of calls made is 23,000. ...
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