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Question 1 of 11
1. Question
Why do we want to departmentalize our P&L?
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Question 2 of 11
2. Question
What categories should you departmentalize by? Select all that apply.
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Question 3 of 11
3. Question
What is our benchmark for direct materials?
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Question 4 of 11
4. Question
What is our benchmark for direct labor?
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Question 5 of 11
5. Question
What is our benchmark for expenses?
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Question 6 of 11
6. Question
Net Profit is calculated by subtracting the Gross Profit % by your expenses benchmark (30%).
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Question 7 of 11
7. Question
The HIGHER your Gross Profit the LOWER your Net Profit.
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Question 8 of 11
8. Question
What is our benchmark for salaries and wages?
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Question 9 of 11
9. Question
What is our benchmark for Meal and Travel?
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Question 10 of 11
10. Question
What is the marketing and advertising benchmark?
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Question 11 of 11
11. Question
At the end of the day, benchmarks are different for each company. As long as you set financial goals and stick to them, your company will grow.
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