another silly question
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Hi Guys
Im hoping someone will be able yo help me!
Im having a complete metal block on how to work something out.
I have been asked to find out the total meterage used for material costs.
In my department on my accounts say for packing, i have materials used, labour costs plant hire, salaries etc and the total for this department comes to £83000. I have information for the packing department that the total produced from this was 83319 metres. ineed to work out the total metres produced from just the packing materials nominal which is £35,623 costs for the month, this figure makes up the total balance of the £83,000 for the month. Does anybody know the workings to come to the total metres used for just packing materials.
Many thanks in advance.
Im hoping someone will be able yo help me!
Im having a complete metal block on how to work something out.
I have been asked to find out the total meterage used for material costs.
In my department on my accounts say for packing, i have materials used, labour costs plant hire, salaries etc and the total for this department comes to £83000. I have information for the packing department that the total produced from this was 83319 metres. ineed to work out the total metres produced from just the packing materials nominal which is £35,623 costs for the month, this figure makes up the total balance of the £83,000 for the month. Does anybody know the workings to come to the total metres used for just packing materials.
Many thanks in advance.
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Comments
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Re:another silly question
hi
is this for intermediate as i havent never came across a question like that, and i am now worried big time!
luce0 -
Re:another silly question
What i would do would be divide total metres by total costs which gives you cost per metre then divide actual cost by cost per metre which should give how many metres this covers
£83,000/83319=0.9961713 then £35,623/0.9961713=35760 metres?0 -
Re:another silly question
Hi
Thats how I would have worked it out.
If the total cost is £83,000 and this equates to 83319 metres - to find the cost per metre is divide one in to the other.
Then to find the metres for the £35,613, divide it by the cost per metre and you get the total metres.
Lou0 -
Re:another silly questionlucy shepherd wrote:hi
is this for intermediate as i havent never came across a question like that, and i am now worried big time!
luce
Yes, this sort of thing is included in the ECR exam. Though an exam question would be set out a bit easier to understand that the one posed above, which if i understand correctly applies to a real world situation.0