According to Vance Electronics' production plan, the company will produce 100,000 pieces of speakers this year. Direct material costs are estimated at 12 kr / pcs and direct wages 4 kr / pcs. The total estimated indirect cost for the year is ISK 850,000.

1. Calculate the (allocation rate) Indirect cost factor per speaker per year

2. In October, Vance Eletronics sold 8,000 speakers. What is the cost of goods sold in October?

3. If the company's markup is 40% of the cost of the product, what is the selling price?

4. 40% mark-up, what is the gross profit in October?