Find the office cost (in Rs.) of 250 bolts and nuts if the factory cost is Rs.200 and total labour cost is Rs.200. Consider office overheads as 30% of the total labour cost.

Find the office cost (in Rs.) of 250 bolts and nuts if the factory cost is Rs.200 and total labour cost is Rs.200. Consider office overheads as 30% of the total labour cost. Correct Answer 260

Given, 250 bolts and nuts Factory cost = Rs.200 Total labour cost = Rs.200 Office overheads = 30% of total labour cost Office cost = Factory cost + office on cost = 200 + 0.3 × 200 = Rs.260/-
Bissoy MCQ

Related Questions

Ryan works in a company that follows TQM and produces nuts and bolts. The company has not moved much from its old design of nuts and bolts. Ryan’s creativity leads him to a better and effective design of nuts and bolts at the same production cost as before. It can increase the productivity without compromising quality. Should the company implement Ryan’s design?