Case Study Wise Works Ltd. is in the business of handloom for the last 15 years and
Question:
Case Study
Wise Works Ltd. is in the business of handloom for the last 15 years and enjoys a good market share and reputation. Along with manufacturing and trading of bed sheets & curtains, it manufactures soft carpets which it sells in the domestic as well as international markets. The standard size of carpets measuring 3 metres wide and 30 metres long. Standard mixture fixed for a batch of 900 sq.m. of soft carpets is 2,000 kg of material X at Rs.1 per kg., 800 kg of material Y at Rs.1.50 per kg., 20 gallons of material Z at Rs. 30 per gallon. During a period, 1,505 standard sized soft carpets were produced from materials issued for 150 batches. The actual usage and cost of materials were 3,00,500 kg of material X at Rs.1.10 per kg, 1,19,600 kg of material Y at Rs.1.65 per kg and 3,100 gallons of material Z at Rs.29.50 per gallon.
|
Quantitative Methods for Business
ISBN: 978-0324651751
11th Edition
Authors: David Anderson, Dennis Sweeney, Thomas Williams, Jeffrey cam