Following is information regarding a manufacturing enterprise :
Total fixed costs = Rs. 4,500
Total variable costs = Rs.7,500
Total sales = Rs. 15,000
Units sold = 5,000
Find out :
- Break-even point in units
- Margin of safety
- Profit
- Volume of sales to earn a profit of Rs. 6,000
- A work measurement study was conducted in a manufacturing company for 8 hours and following observations were made :
Idle time : 15%
Performance rating : 12%
Allowance time : 12% of standard time
Number of units produced : 320
Calculate the standard time for the task.