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Al-Etihad Company produces school uniforms, and the following is the data on the cost of one uniform Direct materials 4 dinars Direct work 1 dinars
Al-Etihad Company produces school uniforms, and the following is the data on the cost of one uniform Direct materials 4 dinars Direct work 1 dinars Variable indirect industrial costs 3 dinars Variable selling and administrative expenses 1.5 dinars Fixed industrial costs 30000 Fixed selling and administrative expenses 10000 The company estimates that it produces and sells 70,000 units The company plans to achieve a profit of 150,000 dinars Required: Calculate the price that the company will set based on the variable industrial costs
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