Lab Assignment

Answer of the Question 1

The following table is completed using following conditions:



Tax paid = Tax rate % of (Raw materials +Labor costs)
Total Production cost =Raw materials +labor cost+ tax paid
Outcome = Selling price-Total production cost
Find the profit loss using following conditions :
1.If outcome <0 then Loss
2.If outcome=0 then None
3.If outcome>0 then Profit

Raw
Materials
($)

Labor
Cost ($)

Tax Rate
(%)

Tax Paid
($)

Total
Production
Cost ($)

Selling
Price ($)

Outcome ($)

Profit/Loss

1st year

1500

500

0

0.00

2,000.00

3050

1,050.00

Profit

2nd year

2500

750

5

162.50

3,412.50

5000

1,587.50

Profit

3 year

3000

1000

20

800.00

4,800.00

5500

700.00

Profit

4th year

4000

1500

50

2,750.00

8,250.00

8000

-250.00

Loss

rd

44 $ 82.19 $ 93.513.00 $ 750.513.00 $ 55.583.00 $ 750.20 $ 32.750.00 $ 550.75 $ 115.50 $ 32.00 Electricity $ 55.00 $ 1.500.00 $ 15.100.00 $ 1.00 $ 555.00 Cleaning $ 55.75 $ 115.00 $ 1.25 $ 91.100.75 Insurance $ 50.Lab Assignment Answer of the Question 2 Estimated Monthly Cost (Given)= $4500.75 $ 115.608.62 $ Profit/Loss Analysis Profit Profit Profit Profit Profit 2.75 $ 33.00 $ 55.00 $ 44.20 $ 33.44 $ 3.402.00 $ 1.40 .04 $ 2.00 $ 1.62 Phone $ 89.00 $ 55.00 $ 15.500.00 6 Month cost = $27.10 $ 33.000.00 $ 15.00 $ 55.61 $ 2.66 $ 89.000.47 Water $ 33.588.00 $ 750.00 Supplies $ 115.08 $ Profit Profit 15.500.66 $ 75.24 Grand Total (6 Months) Total $ 1.500.00 $ 33.75 $ 115.00 January February March April May June Rent $ 1.75 $ 115.61 $ 2.00 $ 1.00 Estimated Yearly Cost = $54.00 $ 15.00 $ 55.595.22 $ 45.40 $ 35.00 Internet Access $ 15.00 $ 15.

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