Examlex

Solved

What Is the Breakeven Point for Rough and Tough Clothiers

question 7

Multiple Choice

What is the breakeven point for Rough and Tough Clothiers, maker of heavy-duty dungarees? It has the following costs:  Raw materials: $15 per pair  Labor costs: $8 per pair  Commissions: $2 per pair  Utilities: $50,000 Rent: $96,000 Taxes: $30,000 Salaries: $150,000\begin{array} { l l } \text { Raw materials: } & \$ 15 \text { per pair } \\\text { Labor costs: } & \$ 8 \text { per pair } \\\text { Commissions: } & \$ 2 \text { per pair } \\\text { Utilities: } & \$ 50,000 \\\text { Rent: } & \$ 96,000 \\\text { Taxes: } & \$ 30,000 \\\text { Salaries: } & \$ 150,000\end{array} The price of the dungarees is $55 per pair.

Know the use of Excel's styles and themes to enhance worksheet appearance.
Understand different components and issues in designing goal-sharing and gain-sharing plans.
Identify key factors in determining the allocation of bonus and profit-sharing across employees.
Recognize the tax implications for employees receiving stock options as part of performance incentives.

Definitions:

Identical

Exactly the same in every detail; not different in any way.

Multicultural Organization

Is a firm that values diversity but systematically works to block the transfer of societally based subcultures into the fabric of the organization.

Pluralism

A condition or system in which multiple distinct groups, cultures, or entities coexist within a society or organization, accepting and respecting diversities.

Observable Culture

Is the way things are done in an organization.

Related Questions