. Galaxy Co. Ltd. Manufactured and Sold 1200 DVD players during the year 2022 from the following information, prepare statement of cost and an estimation for 2023. Particulars Direct Materials Labour Factory Overheads Administrative Overheads 2,40,000 96,000 72,000 48,000 Selling Overheads 24,000 Sales 5,76,000 The company decided to produce 1600 DVD players during 2023. It is estimated that; a) The material cost will increase by 20%. b) The labour cost will increase by 5%. c) Factory overheads are observed as a percentage of prime cost. d) Administrative overheads are observed as a percentage of office cost. e) Selling overheads remains constant. f) Company intends to earn same rate of profit.