Product planning and estimation

Question 1 of 10

Product planning starts with

Question 2 of 10

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

Question 3 of 10

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

Question 4 of 10

Market research before making a product helps to

Question 5 of 10

Estimating the quantity of materials before starting a project helps to

Question 6 of 10

Estimating the cost of a product means

Question 7 of 10

A prototype is

Question 8 of 10

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

Question 9 of 10

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

Question 10 of 10

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