Question: Psilis Ltd makes a product in two qualities, called 'basic' and 'Super'. The business is able to sell these products at a price that gives

Psilis Ltd makes a product in two qualities, called 'basic' and 'Super'. The business is able to sell these products at a price that gives a standard profit mark-up of 25 per cent of full cost. Management is concerned by the lack of profit. Full cost for one unit of a product is calculated by charging overheads to each type of product on the basis of direct labour hours. The costs are as follows

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