SOLVE THE ANSWER ON PAPER FOR LIKE. NO CHATGPT SOLUTIONS PLS$.$

Galaxy Co$.$ Ltd$.$ Manufactured and Sold $1200$ DVD players during the year $2022$

from the following information, prepare statement of cost and an estimation for $2023.$

The company decided to produce $1600$ DVD players during $2023.$ It is estimated that;

a$)$ The material cost will increase by $20\%.$

b$)$ The labour cost will increase by $5\%.$

c$)$ Factory overheads are observed as a percentage of prime cost.

d$)$ Administrative overheads are observed as a percentage of office cost.

e$)$ Selling overheads remains constant.

f$)$ Company intends to earn same rate of profit.