For the following annual data of the electrical company producing 25,000 electrical bulbs, calculate the selling price of each electrical bulb.

 

 

No. of workers= 10

Working wage= $10,000

Material cost = $200,000

Water, generator and electricity invoices = 17% of the prime cost.

Distribution cost = 15% of the direct cost.

Administration cost= 10% of the direct cost.

Advertising cost= 20% of the administration cost.

Profit = 8% of the total cost.