Sales volume/(Labor hours * Wage rate) + Rent
But when I do this I do not get the answer that they have . I get 1.8 instead of 11 (which is there answer.) I feel am missing something
Tried and True Clothing has opened four new stores in college towns across the state. Data on sales and costs are given below.
Danville
Sales Volume
$23,968
Labor Hours
962
Wage Rate
$11.90
Rent
$1,661
But when I do this I do not get the answer that they have . I get 1.8 instead of 11 (which is there answer.) I feel am missing something
Tried and True Clothing has opened four new stores in college towns across the state. Data on sales and costs are given below.
Danville
Sales Volume
$23,968
Labor Hours
962
Wage Rate
$11.90
Rent
$1,661