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%