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ABC Industrial Company produces 5,000 tables annually. The unit variable industrial cost is 10 and the annual fixed industrial cost is 10,000 dinars. As for
ABC Industrial Company produces 5,000 tables annually.
The unit variable industrial cost is 10 and the annual fixed industrial cost is 10,000 dinars.
As for the variable administrative and selling expenses, they amount to 20% of the variable industrial expenses,
and the fixed administrative and selling expenses amount to 5,000 dinars annually.
And the target Profit is 25000 dinars.
Determine the price that management should choose using the method of variable costs and variable administrative and selling expenses?
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