Part B (Indicate the correct choice) 7. Well Water Limited wants to produce and sell a new flavoured water. In order to penetrate the market, the product will have to sell at Sh 20.00 per 500 ml bottle. The following data has been collected: Annual sales 50,000 bottles Projected selling and administrative costs Sh 80,000 Desired profit Sh 700,000 The target cost per bottle is a. Sh 4.40. b. Sh 6.00 C. Sh 1.60. d. Sh 4.00. 8. Bellringer Suit Apparels has received a shipment of suits that cost Sh 2,000 each. If the company uses cost-plus pricing and applies a markup percentage of 60%, what is the sales price per suit? a. Sh 3,330 b. Sh 3,200 C. Sh 2,800 d. Sh 5,000 9. Bellringer Suit Apparels has received a shipment of suits that cost Sh 2,000 each. If the company uses cost-plus pricing and applies a profit margin of 60%, what is the sales price per suit? a. Sh 3,330 b. Sh 3,200 C. Sh 2,800 d. Sh 5,000 10. Custom Shoes Company has gathered the following information concerning one model of shoe Variable manufacturing costs Variable selling and administrative costs Sh 20,000 Fixed manufacturing costs Sh 160,000 Fixed selling and administrative costs Sh 120,000 Sh 40.000