Proportions are also a valuable tool in business. If the time it takes to do a task

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Proportions are also a valuable tool in business. If the time it takes to do a task is directly related to the cost the business has to charge for that task, any task can be evaluated for the cost. Set up a proportion and solve it to demonstrate this type of business application. (An example might be 5 hours / $20 = 10 hours / x). Remember that setting the cross products (multiplications) equal, and then solving for x is the way to solve a proportion.
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Management Accounting Information for Decision-Making and Strategy Execution

ISBN: 978-0137024971

6th Edition

Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young

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