11. The cost of manufacturing goods is made up of wages, materials and overheads in the...

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11. The cost of manufacturing goods is made up of wages, materials and overheads in the ratio 5:3:2 respectively. If the overheads amount to $4,000 for the week, find the total cost of production during the week. Three months later the total cost has increased by 10%. Find the wage bill for the week if wages, materials and overheads are now in the ratio 4:4:1 respectively. 11. The cost of manufacturing goods is made up of wages, materials and overheads in the ratio 5:3:2 respectively. If the overheads amount to $4,000 for the week, find the total cost of production during the week. Three months later the total cost has increased by 10%. Find the wage bill for the week if wages, materials and overheads are now in the ratio 4:4:1 respectively.

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To solve this problem we need to follow these steps Step 1 Calculate the total cost of production du... View the full answer