Plugg Electrical manufactures identical light fittings in batches of 20 During July, Plugg Electrical produced 1,122 batches. The total costs incurred in July were (E) Materials Labour Other relevant overheads 63 070 72,402 66,070 Required: 1 What was the cost per light fitting manufactured in July? 2. If customers are charged 8 49 per light fitting, how much profit or loss would Plugg Electrical make if 112 light fittings were sold on one day in July? Requirement 1 Firstly, the cost per batch can be found by this formula Total costs () Batches of light fittings produced in July The cost per batch can then be found by inserting the values into the formula (Round to two decimal places) per batch Now that you know the cost per batch the cost of one light fitting in /p) can be calculated to the nearest penny) Cost per batch (!p) Number of light fittings per batch per light fitting