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A company sells a single product. During the year, the company incurred N$400 000 and N$740 000, in actual conversion costs and prime costs, respectively.
A company sells a single product. During the year, the company incurred N$400 000 and N$740 000, in actual conversion costs and prime costs, respectively. Production overhead cost incurred during the past year was 25% of conversion costs. Total production units for the period were 10 000 units. Calculate the sales price per unit to the nearest dollar if a profit margin of 30% on the cost is to be maintained.
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