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3. A company manufacturers a product which involves two consecutive process - pressing and polishing for the month of Decembers 2005 : following information are
3. A company manufacturers a product which involves two consecutive process - pressing and polishing for the month of Decembers 2005 : following information are availahle. For incomplete units in process charge material cost at 100% and conversion costs at 60% in the pressing process and at 50% in the polishing process. Prepare a statement of cost and calculate the selling price per unit which will provide 20% profit on sale price. [Ans. : Price 422.50.]
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