Management in Living

1Estimating the cost of a product means

2Estimating the quantity of materials before starting a project helps to

3Market research before making a product helps to

4A prototype is

5The total cost of making a product includes materials, labour and

6Product planning starts with

7Materials GH¢45, labour 3 hours at GH¢10, overheads 20% of material and labour. The total cost is

8A soap maker uses GH¢150 of materials and GH¢50 of overheads to make 40 bars. What is the cost of one bar?

9Material cost GH¢30, labour GH¢20, overhead GH¢10. With a 20% markup, the price is

10If materials cost GH¢40 and labour GH¢20, and a 25% profit is added, the selling price is