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Problem 1: Determine the selling price per unit if a net profit of R486 000 is desired.
INFORMATION
The following forecasts for January 2021 were provided by Waltons Manufacturers:
Sales (36 000 units) R1 080 000
Direct materials cost per unit R8
Direct labour cost per unit R5
Variable manufacturing overhead costs per unit R2
Fixed manufacturing overheads R150 000
Fixed marketing and administrative costs R120 000
Sales commission 10% of sales
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