Solved

If the Cost of Manufacturing (Direct Labor and Materials) Is

Question 21

Multiple Choice

If the cost of manufacturing (direct labor and materials) is 50% of sales and profit is 15% of sales, what would the profit percentage be if the direct costs of manufacturing was reduced from 50% to 47%?


A) 3%
B) 6%
C) 12%
D) 15%
E) 18%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q16: Postponement is best described as:<br>A) Delaying payment

Q17: Which statement is best?<br>A) Performance standards are

Q18: Which of the following is (are) input(s)

Q19: Manufacturing is important to the economy because:<br>A)

Q20: Delivery lead time for an engineer-to-order product

Q22: Savings in the supply chain mostly are

Q23: Postponement is best used with items that:<br>A)

Q24: Which of the following statements is best?<br>A)

Q25: The purpose of the materials management concept

Q26: Making a pizza at a fast-food restaurant