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.
A square foot is a unit of area in both US Customary Units as well as the Imperial System. The symbol for square foot is ft2 or sq ft. There are 43,560 square feet in an acre. A square foot is calculated as the area of a square that has 1 foot on each side.