From the following data, evaluate the (i) TOTAL COST (ii) SELLING PRICE for an electric fan…. 1 answer below »

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From the following data, evaluate the (i) TOTAL COST (ii) SELLING PRICE for an electric fan.

• Material cost of fan = Rs. 5000

• (Aluminium blades, steel cage etc.) Mfg wages = Rs. 3500

• Factory overheads to the manufacturing wages = 100%

• Non-manufacturing overheads = 15%

• Profit on total cost = 12%

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