The details of cost and sales of a firm at an output level of 60,000...
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Accounting
The details of cost and sales of a firm at an output level of 60,000 units are as follows:
Sh.
Sales 150,000
Raw materials 66,000
Labor 33,000
Semi-variable overheads 30,000
Fixed overheads 11,000
Profit 10,000
Semi-variable overheads include fixed cost of Sh.12,000. If the firm wants to maintain the profits at a present level of Sh.10,000, what selling price should be fixed at the output level of 110,000 units?
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