A Service
Department operates with 4 Technicians on a 40 hour
week and the average wage is £15 per hour. The
retail labour rate is £95 per hour and the recovery
rate is £80 per hour. Hours sold are 150 and hours
worked are 144. What is the Labour Gross Profit?
If you're really not sure how Labour Gross Profit is
calculated
and how to maximise your profitability, turn to page
149 of
Management Accounts Made Easy; all the answers
are right there, waiting for you.
Have
you got the bottle to write a challenge?
If you want to pit your wits against the rest of the
Motor Industry,
then just email your challenge to us at JeffSmith@AskInsight.com
and we'll post it here for you.
Don't
forget to test your friends, colleagues and line managers
with this challenge,
it could be the gateway to making more profit!
