Another client, Canon (Pty) Ltd has developed a new high-tech printer. The estimated labour time for producing the first high-tech printer is 15 hours. The production engineer has studied the production process and concluded that a learning rate of 90% is expected to apply for the first eight printers produced. The cost of labour is R55 per hour. The cost of materials is R85 per unit and other variable costs are R65 per unit. Fixed overheads are allocated at R25 per unit.

Calculate the estimated selling price for the fourth printer produced by Cannon Pty (Ltd), based on a contribution margin ratio of 40%.

Total labour costs for the first 3 units	answer
Total labour costs for the first 4 units	answer
Total labour cost for the 4th unit	answer
Total Variable cost	answer
Selling Price	answer