from the following data prepare a cost and production statement of popular stoves manufacturing and ko for the year 2010 stock of material on 1 January 2010 is 35000 stock of materials on 31st December 2010 is 4900 purchase of material is 52500 factory wages is 95000 factory expenses 17500 establishment expenses 10000 complete stock in hand on 1st January 2010 is mill complete stock in hand on 31st December 2010 is 35000 sales is 189000 the number of stoves manufactured during the year 2010 was 4000 the company wants to quote for a contract for the supply of 1000 electric stoves during the year 2011 the strokes to be quotedare of uniform quality and make similar to those manufactured in the previous year but cost of material has increased by 15% and cost of factory labour by 10% prepare a statement showing the price to be quoted to give the same percentage of the net profit on turnover as was realised during the year 2010 assuming that the cost per unit of overhead charges will be the same as in previous year
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