Prepare a cost sheet in respect of a factory the following particular have been abstracted for year 2013. Cost of material - 600000 Wages-500000 Factory overhead - 300000 Administration charges-336000 Selling charges-224000 Distribution charges-140000 Profits- 420000 A work order has been aciquated in 2014 and the estimated expenses are as follows: Material- 8000 Wages-5000 Assuming in 2014 the rate of factory overhead has gone up by 20%, administration charges gone down by10%, and selling and distribution charges each up by 15%. What price should be product be sold so as to earn the same rate of profit on selling price as in 2013.Factory overhead are based on the wages and administration, selling and distribution cost overhead on factory cost.