Question: The Weekly is a small start up selling hand painted shirts...but painted by some of the best art students from near by colleges so demanding

The Weekly is a small start up selling hand painted shirts...but painted by some of the best art students from near by colleges so demanding a high price. Last month the average price for a shirt sold was $138. Administering the website, keeping a small store front in the DUMBO area of NY, and other fixed cost are estimated at about $38,000 a month. The unpainted shirts cost about $28 each from the supplier. Students are paid for their time at a rate of $40 per hour thought the length of time each shirt takes varies. Popular shirts sell quickly and some artist works are hard to keep in stock, while others struggle to make popular products. At the end of the month unsold shirts are removed from the store and a fresh selection is brought in to keep the inventory turning and customers interested in the next drop.
Four schools have students participating in the work. To encourage the students to try to paint interesting shirts the Weekly ran a contest last month. Any school with multi-factor productivity over 1.25 would receive a nice bonus. It was agreed that the overhead would be shared equally in the calculations rather than any other apportionment. Output was only considered to be the revenue of sold shirts, since unsold inventory was discarded at the end of the month. Which schools received the bonus (check all that apply).
\table[[School,\table[[Shirts],[Produced]],\table[[Shirts],[Sold]],\table[[# of painting],[hours]]],[NYCA,412,298,480],[BIG APPLE State,364,209,396],[\table[[Madison School],[of Arts]],392,329,360]]
of the month. Which schools received the bonus (check all that apply).
\table[[School,\table[[Shirts],[Produced]],\table[[Shirts],[Sold]],\table[[# of painting],[hours]]],[NYCA,412,298,480],[BIG APPLE State,364,209,396],[\table[[Madison School],[of Arts]],392,329,360],[BU,408,209,512]]
NYCA
BIG APPLE State
Madison School of Arts
BU
 The Weekly is a small start up selling hand painted shirts...but

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!