Question

i need this solution urgently. i have my paper tomorrow ​

Answer 1

Answer:

175Elements of CostsSolution :Let the selling price be Rs. XHence, total sales will be Rs. 24000XThe cost sheet will be as below –Material Cost24000 x Rs. 4.0096,000Direct Labour24000 x Rs. 0.6014,400Overheads24,000Administrative Expenses28,800Selling Expenses 15% of sales3,600XProfitRe. 1.02 per unit24,480Hence,24000X = 96000 + 14400 + 24000 + 28800 + 3600X + 2448024000X = 187680 + 3600X20400X = 187680X = 9.20Hence, selling price will be Rs. 9.20