The candy Company provided 1 million pesos for the annual budget. The cost is categorized in two expenses. The Personals or workers wages, then the Operating cost. The Operating cost is fixed with the amount of Php 560,000.If we assume that the company should at least provide a total cost of Php 690,000, let us find the personnel wages.
solve it with the right solution and explaination. :)
Suppose that personal wage bill=W pesos and operating cost= F= 560,000; total cost= T, then the linear equation is given by
Total cost budgeted = 1,000,000 > total least cost = total wage bill+ F
the difference between annual budget and total least cost= 1000,000 - 690,000= 310,000
total wage bill= total least cost - operating costs
= 690,000 - 560,000
= 130,000
thus total wage bill is at least 130,000 pesos, and it could go up from 130,000 to 430,000 (130,000 +310,000)