Wenjie (Boatbuilders) Ltd purchased a motor cruiser for 12,000. The cruiser needs refitting, which will require...

 

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Wenjie (Boatbuilders) Ltd purchased a motor cruiser for £12,000. The cruiser needs refitting, which will require materials costing £4,600. It will also require 100 hours of skilled labour, which is paid at the rate of £20 per hour. The skilled labour is in strong demand and could be charged out to other jobs at the rate of £50 per hour if it is not working on the cruiser. If the cruiser were to be sold in its current condition, it is estimated that it would fetch around £11,000. What is the minimum price that the motor cruiser should be sold for after it has been refitted? OA. £21,600 OB. £17,600 OC. £20,600 O D. £16,000 CH Wenjie (Boatbuilders) Ltd purchased a motor cruiser for £12,000. The cruiser needs refitting, which will require materials costing £4,600. It will also require 100 hours of skilled labour, which is paid at the rate of £20 per hour. The skilled labour is in strong demand and could be charged out to other jobs at the rate of £50 per hour if it is not working on the cruiser. If the cruiser were to be sold in its current condition, it is estimated that it would fetch around £11,000. What is the minimum price that the motor cruiser should be sold for after it has been refitted? OA. £21,600 OB. £17,600 OC. £20,600 O D. £16,000 CH

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