Prime Cost = Raw Materials + Direct Labor. The prime cost of a single bed frame is ($6,500 + $750) / 10, or $72.50. In order to generate a profit, the company must sell each frame for more than $72.50.
Do the math. You probably know how to calculate the square footage of a simple room without any funny shapes. Just break out your measuring tapeâor a laser measureâto get its length and width. Multiply the width by the length and voila! You have the square footage. Say a room is 20 feet wide by 13 feet long, then 20 x 13 = 260 square feet. How to calculate square feet.
The square foot (plural square feet; abbreviated sq ft, sf, ft 2) is an imperial unit and U.S. customary unit (non-SI, non-metric) of area, used mainly in the United States and partially in Bangladesh, Canada, Ghana, Hong Kong, India, Malaysia, Nepal, Pakistan, Singapore and the United Kingdom.