Using the information given in Question 1, calculate the selling price of a breve and a minim.
Question:
Using the information given in Question 1, calculate the selling price of a breve and a minim. The directors of Morad Industries Ltd wish to achieve a profit margin of 20 per cent on cost.
It should be noted that the direct costs for each product are as follows.
Calculate the selling price per unit of a breve and of a minim.
Transcribed Image Text:
Direct materials Direct labour 5 kg e $2.20 per kg 3 hrs @ $7 per hour 4 kg @ $2 per kg Breves Minims 2.4 hrs @ $8 per hour
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Related Book For
Accounting For Cambridge International AS And A Level
ISBN: 9780198399711
1st Edition
Authors: Jacqueline Halls Bryan, Peter Hailstone
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