MANAGEMENT ACCOUNTING AND DECISION MAKING 1(2019_20) Dashboard My courses Management Accounting and Decision Making 1 (2019 20) Assignments > MADM 1 Multiple Choice Test Monday 4th Nove Exmouth Ltd. owns a yacht that is in need of repair and which was purchased for 3,400. The company is working to full capacity but is considering refurbishing the yacht for resale. Workers who are paid 10 per hour will carry out the refurbishment and it is estimated that 100 hours work is required. The normal labour charge for customers is 20 per hour. The company believes that the yacht could be sold for 3,100 in its current condition. Materials costing 500 would be required to carry out the refurbishment Calculate the minimum resale price that the business would have to charge to justify the refurbishment of the yacht: QUESTIO Not yet Marked P Flag Select one: O a. 5,900 b. 5,100 C 4,600 d. 5,600 NEXT