12 (6) The Bay Engineering Co. Ltd. manufactured and sold 1,000 scaring machines in 2019. Following are the particulars obtained from the records of the company : Taka Materials consumed 80,000 Wages paid 1,20,000 Manufacturing expenses 50,000 Salaries 60,000 Rent, Rates and Insurance 10,000 Selling expenses 30,000 General expenses 20,000 Sales 4,00,000 The company plans to manufacture 1,200 scaring machines in 2020. You are required to submit a statement showing the price at which these machines would be sold so as to earn profit of 10% on selling price. The following additional information is provided to you: (1) Price of materials will rise 20% in the previous year. (ii) Wages rate will go up by 5%. (iii) Manufacturing expenses will rise in proportion to the combined cost of materials and wages. (iv) Selling expenses per unit will remain unchanged. (v) Other expenses per unit will remain unaffected by the rise in output